ATLANTA--(BUSINESS WIRE)--After a record-breaking first quarter, Angel Oak Companies’ residential mortgage lending platform, which includes Angel Oak Home Loans LLC and Angel Oak Mortgage Solutions LLC, has reported stellar second-quarter growth, continuing to prove itself a powerful force in the non-agency mortgage market. The Angel Oak lending platform originated $681 million for the quarter, a 45% increase from Q2 2018, bringing its 2019 origination total to over $1.2 billion.
“We are excited and grateful to continue our upward trajectory of growth and success within the mortgage lending market,” said Steven Schwalb, managing partner of the Angel Oak lending platform. “Our success is a testament to Angel Oak’s consistent dedication to providing the highest quality of products and services for our clients.”
A leader in growth of the non-qualified mortgage securitization market, Angel Oak Capital Advisors, LLC, also completed a non-QM securitization — its 11th since 2015 — totaling $381 million, which brings the firm’s total year-to-date issuance to approximately $1.6 billion. Furthermore, the firm celebrated the successful launch of its $215 million public closed-end fund offering, the Angel Oak Financial Strategies Income Term Trust (NYSE: FINS), by ringing the NYSE closing bell on June 13.
The industry has taken notice of Angel Oak Companies’ leadership position in the non-QM market, with recognition for the firm’s executives and company achievements in Q2. Angel Oak Companies was named a 2019 Pacesetter by the Atlanta Business Chronicle, as well as a 2019 ACG Fast 40 by the Association for Corporate Growth. Angel Oak Mortgage Solutions was the only lender exclusively offering non-QM to be ranked as a Top Mortgage Lender by Scotsman Guide, which also named Steve Arnold a Top 50 Wholesale Account Executive.
Schwalb has pointed out the “tremendous opportunity” in the non-QM space for years to come, yet growth within Angel Oak has not been limited to its mortgage lending platforms. Angel Oak Capital Advisors, the affiliated investment management firm of Angel Oak Companies, surpassed $10 billion in assets under management across its mutual funds, closed-end funds, private funds and separately managed accounts.
“As we continue to assert ourselves as industry leaders in the non-agency mortgage space, we hold ourselves to the highest standard of quality and client satisfaction,” said Mike Fierman, co-CEO of Angel Oak Companies. “These uncompromising values take precedence in our company initiatives and have been the backbone of our success.”
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 nation’s top wholesale and correspondent provider of nonqualified mortgage loans. Its team of mortgage experts continues to pioneer a fresh, commonsense approach to overcoming today’s mortgage lending challenges. Operating in 44 states, the team provides a breadth of non-QM products that 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 that not only offers traditional mortgage products, but 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 leads 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 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 investments, with a specialization in mortgage-backed securities and other areas of structured and corporate credit.
As of June 30, 2019, Angel Oak Capital Advisors had approximately $10.6 billion in AUM through a combination of public funds, closed-end funds, private funds and separately managed accounts.
For more information, please visit www.angeloakcapital.com.