Verus Mortgage Capital Finalizes $442 Million Non-QM MBS

Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, has completed its seventh rated RMBS (residential mortgage-backed securities) transaction for $442 million. The transaction is the second largest in VMC history, and its fourth securitization this year.


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Rated by S&P Global Ratings and Morningstar, the transaction included 809 loans from 61 lenders. The transaction included owner occupied non-QM loans as well as non-owner occupied loans.


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“We continue to see great demand for non-QM and investor loans and expect that to continue in 2019,” said Dane Smith, President of VMC.


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“We remain focused on the dynamic secondary market where we are engaged with quality partners,” Smith added. “Purchasing responsible non-QM and investor loans consistently and efficiently illustrates our commitment to this sector.”

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 $3 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed seven rated securitizations.