Leading non-QM issuer resumes investing after temporarily suspending operations at onset of pandemic
Washington, D.C. – August 4, 2020 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor rental programs, has begun purchasing non-QM loans again after a short pause at the beginning of the pandemic. It is actively investing in new origination and pre-pandemic loans.
VMC is one of the largest non-QM issuers and provides lenders with non-delegated, delegated with pre-funding review or bulk loan delivery options. It purchases loans in all 50 states and its expansive offerings include LTVs up to 90%; cash out up to $500k; full and alternative documentation; and foreign national. Verus is a mortgage investor that uses its experience to help lending partners grow their non-QM business.
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 $9 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 19 rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.