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.

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