AOMR
- Angel Oak Mortgage, Inc.
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Overview
Company Summary
Angel Oak Mortgage, Inc. (AOMR) is a company that operates in the mortgage industry. They specialize in providing non-qualified mortgage (non-QM) loans to borrowers who do not meet the stringent requirements set by traditional mortgage lenders.
A non-QM loan caters to individuals who may have unconventional circumstances or unique financial situations that prevent them from meeting the underwriting guidelines for a standard mortgage. These borrowers may have lower credit scores, irregular income streams, or may be self-employed or have a complex financial profile.
Angel Oak Mortgage, Inc. takes a different approach to lending by evaluating a borrower's overall financial picture beyond the traditional credit criteria. They consider alternative factors like bank statements, asset value, income verification, and debt-to-income ratio to assess the borrower's creditworthiness.
With their expertise in non-QM loans, Angel Oak Mortgage, Inc. provides access to mortgage financing for borrowers who would otherwise be unable to obtain a traditional mortgage. This enables individuals to purchase or refinance properties, including primary residences, vacation homes, or investment properties.
The company primarily serves mortgage brokers, who act as intermediaries between borrowers and lenders. Mortgage brokers partner with Angel Oak Mortgage, Inc. to offer their clients a wide range of loan products, ensuring that they have access to financing options tailored to their specific needs.
By focusing on non-QM loans, Angel Oak Mortgage, Inc. serves a niche market, addressing the needs of borrowers who fall outside the requirements of traditional mortgage lenders. This allows them to provide a valuable service in the mortgage industry and support homeownership for individuals who might otherwise struggle to secure financing.