4-8-19 Hot Topic – The Growth of Non-QM Loans with Tom Hutchens of Angel Oak Mortgage Solutions

In this episode of Lykken on Lending we excited to have Tom Hutchens as our guest talking about the growth of the non-QM loans and how these types of loans have been expanding across the mortgage industry. Tom is Executive Vice President of Production for Angel Oak Mortgage Solutions, an Atlanta-based wholesale and correspondent lender leading the non-QM space for five years and licensed in 44 states.   Tom has over 18 years of experience in leading sales for a wholesale and correspondent lending platform with proven success in the expansion of a lending footprint nationwide. Prior to Angel Oak, Tom was a senior sales leader at SouthStar Funding and was responsible for business and sales development across the country. He later served as the President of Novo AMC where he was instrumental in launching the organization. Topics to be covered in our Hot Topic segment with Tom Hutchens:

1. Why is everyone in the industry talking about non-QM? Why is non-QM the one area of mortgage lending that is growing?
2. Who need these types of loans? What are the characteristics of the typical non-QM borrower?
3. Non-QM – are these loans riskier than QM ones?
4. Why does non-QM matter to me as an originator?
5. How can I grow my business using non-QM?

And more! You can reach Tom by phone at (855) 539-4910 or e-mail Info@AngelOakMS.com. Excerpts from this Interview:

1. Listen: A perspective on the financial crisis...
2. Listen: Innovation at Angel Oak Mortgage Solutions...
3. Listen: A look at the self employed borrower and a bank statement product...
4. Listen: We started 5 years ago just as wholesale, but we've seen a transition where correspondent lending is growing rapidly...
5. Listen: We are here to help with the process...
6. Listen: A study of $4B and 11,000+ loans has shown that there have been only 8 foreclosures of those 11000+ loans...
7. Listen: The market is becoming more and more liquid every day and there are more and more buyers out there...
8. Listen: We are looking for technology to make the process easier... but not for auto-underwriting...
9. Listen: Last year there was about $12B securitized in the non QM space... and back in 2000 it was closer to $500B... so look at the potential...