Washington, D.C. – February 4, 2022 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor rental programs, was the largest non-QM issuer in 2021, continuing its leadership position in the space.
The investor financed more than $5.4 billion in non-QM loans including 11 total securitization transactions, three of which were refinance transactions totaling $1.37 billion.
Since its inception, Verus has financed approximately $14 billion across 32 rated securitization transactions, cementing its position as the largest non-QM issuer since 2017. In 2021, Invictus was able to take advantage of the low interest rate environment and exercised the optional redemption of eight securitizations with the goal to reduce the financing cost in its loan portfolio.
“Our focus continues to be on growing our correspondent channel through partnerships with lenders seeking non-QM, Jumbo, and investment home financing solutions,” Smith said. “We’re excited to see how much non-QM business will increase over the next year and expect lenders who begin originating these products to capture more loan volume and emerge as leaders at the forefront of the industry.”
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 more than $16 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 32 rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.