Angel Oak Companies Starts 2018 with Record Quarter

Following a blockbuster 2017, Angel Oak on target for $2.5 billion in non-QM originations

ATLANTA--()--After an incredible 2017, Angel Oak Companies kicked off 2018 with record growth, revamped products and new hires for its three affiliated lending units, Angel Oak Mortgage Solutions, Angel Oak Home Loans and Angel Oak Prime Bridge. Angel Oak’s successful start to the first quarter of 2018 includes a record of $340 million in non-qualified mortgage (non-QM) originations, a 62% increase over Q1 2017, in addition to the hiring of 59 new employees to its lending platform. Angel Oak now has its sights set on more than doubling its year-over-year non-QM volume, from $1.1 billion in 2017 to $2.5 billion in 2018.

“We’re setting the standard when it comes to non-QM lending,” says Steven Schwalb, Managing Partner of the Angel Oak lending platform. “Across the mortgage industry, more and more participants are realizing just how fast this segment is growing. We are the leaders because we have been offering innovative, high-quality non-QM products for years. Our success today is a direct result of the expertise we’ve built.”

In addition to record origination numbers, Angel Oak Capital Advisors completed two unique mortgage securitizations this year. The first of its kind, AOMT 2018-PB1 was a $90 million securitization backed by “fix-and-flip” loans originated by Angel Oak Prime Bridge, which featured an 18-month revolving period in which paid collateral is replaced with new collateral. The second securitization, AOMT 2018-1, totaled $328.78 million and was Angel Oak Capital Advisors’ seventh and largest mortgage securitization to date. These two securitizations highlight Angel Oak Capital Advisors’ experience and leadership in a demand-fueled marketplace.

In the wholesale channel, Angel Oak Mortgage Solutions, which has paved the path in the revival of quality non-prime products, recorded its best origination numbers in Q1. Part of this success came from expansion of the correspondent channel and its product innovations, including the Platinum Program, a go-to solution for brokers looking to add unique tools to their arsenal. Angel Oak Mortgage Solutions also added a new Dallas operations center, positioning the firm for continued growth as it leads the charge in new markets with an even larger team.

“We’re carving out a clear leadership position in the non-QM space by hiring top-tier people and bringing the best products to market. Over the last year, we’ve seen non-QM lending become more widely accepted than any other time in the post-crisis period,” says Schwalb. “As more players enter the space, many will attempt to emulate our success. However, our expertise, our commitment to quality and our unique structure sets Angel Oak apart from the competition.”

About Angel Oak Companies, LLC

Angel Oak Companies is an industry leader in delivering innovative mortgage credit solutions. Through its integrated credit and investment platform, Angel Oak Companies delivers solutions across asset management, lending and capital markets.

For more information, please visit: www.angeloakcompanies.com

About Angel Oak Mortgage Solutions, LLC

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 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 Home Loans LLC

Angel Oak Home Loans is a full service mortgage lender. In addition to offering traditional mortgage products, Angel Oak Home Loans and the Angel Oak family of companies specializes in innovative alternative lending options. Its 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 an exceptional client experience.

For more information, please visit: www.angeloakhomeloans.com

About Angel Oak Prime Bridge, LLC

Angel Oak Prime Bridge, LLC 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

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

Contacts

Gregory FCA for Angel Oak Companies
Alex Nye, 610-228-2287
alexn@gregoryfca.com

Contacts

Gregory FCA for Angel Oak Companies
Alex Nye, 610-228-2287
alexn@gregoryfca.com