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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. 

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. 

Investor Increases Loan Amounts To $5 Million For Multiple Non-QM Programs

Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-prime lending solutions, has increased loan amounts to $5 million for several of its non-QM programs, and higher LTVs for interest-only loans. VMC has increased loan amounts for:

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>>Investor Solution Full Documentation, Self Employed and Foreign National programs, from $2 million to $5 million, starting at $75,000.

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>>Credit-impaired borrower loans from $2 million to $5 million, starting at $100,000, through the Credit Ascent program.

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>>Higher-balance loans offered with alternative documentation for self-employed individuals from $3 million to $5 million, starting at $150,000 through the Prime Ascent program. Prime Ascent interest-only loan LTVs increased from 80% to 85%.

“At Verus Mortgage Capital, we’re dedicated to building the non-QM market. We are committed to offering lenders flexible funding options for underserved borrowers who don’t fit into the conventional profiles,” said Dane Smith, President of VMC. “Right now, non-QM lending is a huge opportunity for lenders to grow their businesses and provide solutions to fill a very real void in our industry.”

Founded in 2015, VMC is a non-QM correspondent investor backed by Invictus Capital Partners, an investment firm. VMC purchases loans in all 50 states and the District of Columbia and focuses solely on the non-QM 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 just under $2.4 billion in expanded, non-QM loans since its inception. In addition, through its affiliates, VMC has completed five rated securitizations.

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