ATLANTA--(BUSINESS WIRE)--Angel Oak Mortgage Solutions (Angel Oak), the leader in the Non-agency space, announces its strategic expansion into the correspondent lending market with the hiring of Sean M. Marr as the Director of Correspondent Lending. With the addition of Marr, Angel Oak looks to expand the reach of its innovative lending platform, offering a comprehensive set of Non-qualified mortgage products and services to large-scale mortgage lenders nationwide.
“There is a real sense of urgency in the Non-QM market right now,” says Tom Hutchens, the senior vice-president of sales and marketing for Angel Oak Mortgage Solutions. “Lenders of all sizes are realizing that Non-QM products can help them grow their business by reaching new customers. We are seeing more and more mortgage banks offer these products, which is why we are so excited to have Sean join the Angel Oak team. Sean’s expertise in the correspondent channel is going to enable lenders across the country to partner with Angel Oak to offer Non-QM products.”
Marr has spent 23 years working in correspondent lending. He most recently led Freedom Mortgage’s correspondent lending division in the southeast. “Angel Oak’s reputation attracted me to the company, but it’s really the growth potential for Non-QM that sealed the deal. Lenders understand that today’s Non-QM market is different and their comfort level with the products continues to grow,” says Marr. “Angel Oak’s innovative approach to partnering with lenders has been a huge catalyst for growth.”
The addition of Sean Marr coincides with a period of substantial growth for Angel Oak. Already the nation’s top wholesale provider of Non-qualified mortgage loans, Angel Oak sees significant opportunity in the correspondent channel as Angel Oak’s mortgage platform looks to outperform last year’s record of over $1 billion in loans originated across 33 states. “The understanding and acceptance of Non-QM programs is widespread throughout the lending landscape. Angel Oak’s recent positive assessments by Fitch and DBRS further validates our efforts and our production is primed to accelerate further,” adds Hutchens.
To speak about correspondent lending with Marr, please call 904-521-4511 or email Sean.Marr@angeloakms.com.
About Angel Oak Mortgage Solutions
Angel Oak Mortgage Solutions, a leader in alternative lending solutions, is the top wholesale and correspondent 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.