ATLANTA--(BUSINESS WIRE)--Angel Oak Mortgage Solutions LLC and Angel Oak Home Loans LLC (“Angel Oak”), announce that their mortgage origination platforms have been reviewed for quality by ratings agencies Fitch and DBRS. Both ratings agencies affirmed the acceptable quality of the company’s non-agency, non-qualified mortgage originations. As a result, Angel Oak becomes one of the first non-prime mortgage originators to be reviewed in the entire industry.
“The Fitch and DBRS reviews serve as yet another milestone for Angel Oak,” says Tom Hutchens, senior vice president of sales and marketing at Angel Oak Mortgage Solutions. “This third-party validation of the quality of our mortgage products is a testament to what we’re all about. As an industry leader in non-qualified mortgages, we pride ourselves on creating high quality origination products that position our firm for long-term success.”
The rating agencies performed an on-site operational risk review of Angel Oak’s company, management, controls, origination practices and technology and deemed them to be an acceptable originator for rated transactions. The review from Fitch noted that, “the companies’ seasoned management team has extensive non-prime mortgage experience, a comprehensive sourcing strategy, and strong underwriting and risk management practices.”
“When you start with higher quality originations, you add significant value to the securitization platform,” says John Hsu, head of capital markets at Angel Oak Capital Advisors. “Rated deals price better than non-rated deals, which lowers the cost of capital and ultimately benefits the issuance platform.”
The full Fitch review is available on their website at http://www.fitchratings.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 33 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 or call 404.637.0396
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 or call 404.844.5009
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. Our 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 December 31, 2106, Angel Oak Capital has over $5.5 billion USD in assets under management across its mutual funds, private funds and separately managed accounts.
For more information, please visit: www.angeloakcapital.com
About Fitch Ratings
Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide has helped investors fund a century of growth and make important credit judgments with confidence.
For more information, please visit: www.fitchratings.com
DBRS is an independent, privately held, globally recognized credit ratings agency with offices in Toronto, New York, London, Chicago and Mexico City. We strive to differentiate ourselves from competitors through a more pragmatic rather than mechanistic approach, in-depth research and unequalled mandate execution.
For more information, please visit: www.dbrs.com