Verus Mortgage Capital Completes $664.1 Million Loan MBS Transaction

Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor lending solutions and fix and flip loan programs, has finalized its ninth rated RMBS (residential mortgage-backed securities) transaction for $664.1 million. Verus Securitization Trust 2019-1 was VMC’s largest transaction to date and the second largest in the non-QM space. 


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The transaction was comprised of 1,270 loans. The securitization was rated by S&P Global Ratings and Morningstar.


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“We are off to a great start in 2019 and seeing increased interest in non-QM lending,” said Dane Smith, President of VMC. “At Verus, we’re committed to creating a market for innovative loan products and building partnerships with correspondent originators. We’re determined to help originators meet the needs of underserved borrowers who fall outside traditional credit guidelines.”


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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.


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The Washington, D.C.-based company, with operations located in Minneapolis, has purchased in excess of $5 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed nine rated securitizations.