Verus Mortgage Capital Completes $372M Investor Loan RMBS

Verus Mortgage Capital, a full-service correspondent investor offering residential non-QM, investor rental and fix and flip loan programs, has finalized its 10th rated RMBS (residential mortgage-backed securities) transaction for $372 million. Verus 2019-INV1 was VMC’s largest investor loan transaction to date and the third transaction issued by Verus that was backed by non-owner occupied rental loans. 


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The transaction was comprised of 976 loans with an average balance of $380,000, LTV of 63% and 727 credit score.


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“Demand for investor loans continues to grow,” said Dane Smith, President of VMC. “Verus is focused on building an active investor lending and non-QM market with expansive program offerings, establishing strong partnerships with correspondent originators and answering the needs of underserved, creditworthy borrowers.”


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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 10 rated securitizations.