ATLANTA--(BUSINESS WIRE)--Angel Oak Capital Advisors, LLC (Angel Oak) announced today it has completed AOMT 2017-2, a $210.45 million securitization of non-prime residential mortgages. The securitization is backed by non-Qualified Mortgages (non-QM) which were fully sourced through the firm’s three affiliated mortgage lenders – Angel Oak Mortgage Solutions, LLC, Angel Oak Home Loans, LLC and Angel Oak Prime Bridge, LLC.
The senior tranche of AOMT 2017-2 received a AAA-rating from both S&P and DBRS and represents Angel Oak’s success in helping to revitalize the non-QM marketplace. “We had solid execution due to the large securitized investor following that we have developed over the last two years. In fact, this was the tightest execution in the non-QM market to date, furthering our brand recognition and leadership in the non-QM securitization space,” says Sreeni Prabhu, Angel Oak’s co-CEO and CIO.
This transaction marks Angel Oak’s fourth securitization since 2015, accounting for over $630 million in total securitized residential mortgage loans. All four securitizations have been backed by mortgages originated through Angel Oak’s affiliated lenders.
“We believe investors like Angel Oak’s vertically integrated issuer model. This is unique in the marketplace and offers them a 'pure play' exposure to Angel Oak’s origination and underwriting capabilities,” Prabhu says.
About Angel Oak Capital Advisors, LLC
Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed income investment solutions for its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income with a specialization in mortgage-backed securities and other areas of structured credit.
As of June 30, 2017, Angel Oak Capital had approximately $7 billion in assets under management across its mutual funds, private funds and separately managed accounts.
For more information, please visit www.angeloakcapital.com
About Angel Oak Home Loans, LLC
Angel Oak Home Loans is a full service mortgage lender. In addition to offering traditional mortgage products, Angel Oak specializes in innovative alternative lending options. Angel Oak Home Loans’ flexible, supportive approach empowers prospective homebuyers to embark on a new path with confidence. Angel Oak’s experienced team of licensed mortgage advisors is leading the way by delivering start-to-finish mortgage support and a superior client experience.
For more information, please visit: www.angeloakhomeloans.com
About Angel Oak Mortgage Solutions, LLC
Angel Oak Mortgage Solutions, a leader in alternative lending solutions, is the top wholesale provider of non-qualified mortgage loans. Angel Oak’s team of mortgage experts continues to pioneer a fresh, common sense approach to overcoming today’s mortgage lending challenges. Operating in 35 states, their breadth of Non-Agency products expands the pool of borrowers by offering partners more opportunities to grow their business and better serve their customers.
For more information, please visit www.angeloakms.com
About Angel Oak Prime Bridge, LLC
Angel Oak Prime Bridge is a commercial residential lender providing financing solutions for today’s real estate investor. The Company was created in 2011 by individuals with extensive lending experience in the residential and commercial lending space. Their lending philosophy is founded upon a tenet of providing innovative portfolio loan programs, while consistently delivering an exceptional client experience, for both borrowers and referral partners.
For more information, please visit: www.angeloakprimebridge.com