Verus Mortgage Capital Now the Largest Non-QM Investor

Washington, D.C. – November 4, 2019 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor rental and fix-and-flip loan programs, is the largest investor in the non-QM space. Verus recently closed its 13th securitization for $569.1 million.

Since its first non-QM securitization in 2015, Verus’ market share has grown exponentially. In 2015, the firm’s securitization volume stood at just $35 million. In 2018, Verus bought $2.6 billion in non-QM loans. Verus President Dane Smith says year-to-date non-QM loan purchases have already exceeded $2.8 billion.

When the Consumer Financial Protection Bureau first established new Ability-to-Repay rules for QM mortgages in 2014, the non-QM market was virtually nonexistent. Today, however, its overall loan volume is expected to reach $40-$50 billion.

Verus’ Executive Vice President of Correspondent Sales, Jeff Schaefer, feels the non-QM market is at a historic moment ripe with opportunity. “With responsible investors like Verus, correspondent lenders have the chance to reach a much larger borrower market,” he says. “Verus offers consistent, strong processes and systems for training and aiding our partners. We are in the business of buying loans, and anyone wanting to get in this market needs to work with an experienced investor.”

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 creditworthy borrowers.

The Washington, D.C.-based company, with operations located in Minneapolis, has purchased in almost $6 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 13 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