Verus Mortgage Capital Completes $372 Million Investor Loan RMBS Transaction

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 date and the third transaction issued by Verus that was backed by non-owner occupied rental loans.

The transaction was comprised of 976 loans with an average balance of $380,000, LTV of 63% and 727 credit score.

“Demand for investor loans continues to grow,” said Dane Smith, President of VMC. “Verus is focused on building an active investor lending and non-QM market with expansive program offerings, establishing strong partnerships with correspondent originators and answering the needs of underserved, creditworthy borrowers.”

About Verus Mortgage Capital

Founded in 2015, Verus Mortgage Capital (VMC) is a non-QM correspondent investor backed by Invictus Capital Partners, a leading investment firm. VMC purchases loans in all 50 states and the District of Columbia and focuses solely on the non-agency market. It offers correspondent lenders a wide range of home financing products for credit worthy borrowers.

The Washington, D.C.-based company, with operations located in Minneapolis, has purchased in excess of $5 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 10 rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.

###

 

How to Keep Growing Your Lending Business & Profit in 2021

Choose the Right Partner and Expand Your Loan Offerings with Non-QM The 2021 mortgage market is expected to perform well throughout the year ─ even though total mortgage volume recently fell to its lowest point in 15 months, with declines seen in both weekly purchase and refinance activity, according to the latest data from theRead More

White Paper: Profiting from the Boom in Non-QM Lending

A year since the beginning of the global pandemic, the borrower demand for Non-QM lending is higher than ever. Download this white paper to explore the current opportunity in Non-QM lending and how loan originators who prepare now will build stronger businesses in the days ahead. Click to download the Verus white paper.

Applications Down? Verus Mortgage Capital Shares Two Reasons Lenders Should Consider Non-QM Now

Mortgage rates have increased nearly half a point since January. According to the MBA weekly survey, mortgage applications have fallen in eight of the last nine weeks. Rising rates have led to less refinancing activity. In mid-February, their share of mortgage applications dropped below 70% for the first time since October 2020. The purchase marketRead More

comment-alt-dotsflipgeometric-patternmoreverus-logoverus-mverus-v-purple-bgverus-v-purple-bgverus-vverus-v-red-bgverus-v