ATLANTA--(BUSINESS WIRE)--Angel Oak Capital Advisors, LLC (Angel Oak) announced today it has completed AOMT 2018-1, a $328.78 million securitization comprised largely of non-QM residential mortgages. The securitization is backed by mortgages that 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. The senior tranche of AOMT 2018-1 received a AAA rating from both Fitch and DBRS.
“We have developed a large investor following of our securitizations over the past several years based on the strength of our execution and the consistent quality of our deals. Our leadership in the non-QM origination and securitization markets continues to be recognized throughout the industry,” said Sreeni Prabhu, Angel Oak Co-CEO and CIO.
The deal was comprised of 905 loans with an average loan amount of $363,287. Approximately 81 percent of the mortgage pool is comprised of non-QM loans, with the rest consisting of qualified mortgages and mortgages for non-owner occupied properties and foreign nationals not residing in the United States.
AOMT 2018-1 marks Angel Oak’s seventh and largest mortgage securitization, accounting for approximately $1.3 billion in total securitized residential mortgage loans. All seven securitizations have been backed by mortgages originated through Angel Oak’s affiliated lenders.
“Our vertically integrated model is unique in that our loans for securitization are sourced directly from our affiliate lending businesses, giving investors additional comfort in the transparency of Angel Oak’s origination and underwriting capabilities. Our success on all levels from origination to securitization is proof our model works,” Prabhu said.
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 and corporate credit.
As of March 31, 2018, Angel Oak Capital Advisors had approximately $8.7 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 38 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 by individuals with extensive experience in the residential and commercial lending spaces. Its lending philosophy is founded upon providing innovative portfolio loan programs while consistently delivering an exceptional client experience to both borrowers and referral partners.
For more information, please visit www.angeloakprimebridge.com