Category: Announcements/PR

With $2.6 billion in securitization volume in 2020, leading non-QM issuer offers liquidity  Washington, D.C. – February 22, 2021 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor rental programs, announced that in 2020 it financed nearly $2.6 billion of loans across six-rated and one unrated securitization transactions. As theRead More

In light of continued market fluctuation due to the COVID-19 pandemic and the impact it has had on the global economy, effective immediately VMC is suspending all lock and funding activity until further notice. In addition, please note the following: the purchase of any mortgage loan and the final pricing for any mortgage loan offeredRead More

Leading non-QM issuer closed 14th and 15th RMBS Transactions Washington, D.C. – January 6, 2020 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, finished 2019 strong. It recently finalized its 14th and 15th rated RMBS (residential mortgage-backed securities) transactions for $533.5 million andRead More

At the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the government-sponsored enterprises, or GSEs) are communicating that the optional use period for the redesigned Uniform Residential Loan Application (URLA) form and corresponding datasets will not begin on July 1, 2019 as previously scheduled. Download pdf version.

Top non-QM securitizer pushes volume to approximately $4 billion Washington, D.C. – June 12, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, has finalized its 11th rated RMBS (residential mortgage-backed securities) transaction for $609.2 million. The transaction was comprised of 1,204 loansRead More

Washington, D.C. – June 6, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix-and-flip loan programs, has announced updates to its short-term business purpose that will simplify processes for lenders substantially. Verus’ expanded RTL program has several new benefits: Clarity for lenders on what the exact upfrontRead More

Largest INV transaction completed by investor Washington, D.C. – April 23, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, has finalized its 10th rated RMBS (residential mortgage-backed securities) transaction for $372 million. Verus 2019-INV1 was VMC’s largest investor loan transaction to dateRead More

Washington, D.C. – April 19, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has just launched a new website that has been completely redesigned to improve site visitors’ overall online experience. The new website, www.verusmc.com, features a fresh, modern design and includes a blog that offersRead More

Leading correspondent investor closes second largest non-QM MBS transaction in company history. Washington, D.C. – December 19, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has completed its seventh-rated RMBS (residential mortgage-backed securities) transaction for $442 million. The transaction is the second largest in VMC history,Read More

Leading correspondent investor was the largest issuer of Non-QM/Investor loans in 2018! Washington, D.C. – February 5, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has finalized its eighth-rated RMBS (residential mortgage-backed securities) transaction for $254 million. The transaction was VMC’s fifth securitization in 2018. TheRead More

Verus Mortgage Capital Finalizes $489.6 Million Non-QM MBS Transaction Fast-growing correspondent investor closes largest non-QM MBS transaction in a decade Washington, D.C. – September 5, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has completed its sixth rated RMBS (residential mortgage-backed securities) transaction for $489.6 million.Read More

Five Residential Mortgage Experts Join Verus Mortgage Capital  Verus adds experienced team of specialists to expand Residential Transitional Loan (RTL) focus and other Investor programs Washington, D.C. – August 29, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has announced the addition of Ketan Parekh, JosephRead More

Washington, D.C. – August 6, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM lending solutions, announced it has made updates to its Investor Solutions loan program. Loan amounts for all four of its Investor Programs increased from $2 million to $5 million. In addition, Verus’ bank statement programs and debtRead More

Verus Mortgage Capital Increases Loan Amounts to $5 Million for Multiple Non-QM Programs Investor also raises LTVs for Interest-Only Loans Washington, D.C. – July 10, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-prime lending solutions, announced increased loan amounts to $5 million for several of its non-QM programs, and higherRead More

Washington, D.C. – April 13, 2018 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-agency lending solutions, announced it has moved its Minneapolis operations group. VMC’s new space is approximately four times larger than its previous location with the opportunity to expand its square footage in the future. The move was aRead More