There are two main steps in submitting an exception. This video will review the process to submit the request to an investor.
Verus Mortgage Capital Maintains Leadership as a Top Non-Agency RMBS Issuer in 2024
Washington, D.C. – March 10, 2025 – Verus Mortgage Capital (VMC), a correspondent investor specializing in residential non-QM and investor rental programs, reaffirmed its position as a leading issuer of non-agency mortgage-backed securities last year. VMC specializes in expanded credit/non-QM and investor rental loan programs and financed 12 deals totaling more than $6.5 billion. SinceRead More
Lenders: Approve Self-Employed Borrowers Without Standard Docs
Since the advent of the home lending process as we know it today, self-employed borrowers have historically faced significant obstacles when seeking mortgage approvals. These individuals now represent nearly 10% of the U.S. workforce as of 2024 and contribute substantially to the nation’s overall economy. Yet their unique financial situations often place them outside theRead More
5 Key Insights for Lenders on Non-Agency Lending
While there is some positivity in today’s housing market, pressure continues to be felt among mortgage lenders. According to the most recent economic forecast from the Mortgage Bankers Association (MBA), total single family mortgage originations are expected to grow to $1.8T in 2024 — up from $1.6T in 2023. The growth continues to come fromRead More