Angel Oak Home Loans uses SimpleNexus to improve mobile lending experience
SimpleNexus has developed a custom loan application for Angel Oak that supports both agency mortgages and unique data fields for non-QM loans. Additionally, loan originators can generate, distribute, electronically sign, and organize these types of documents using SimpleNexus’ one off docs management.
“While it’s true that no two lenders do business the same way, Angel Oak Home Loans has a clear commitment to making home ownership possible for creditworthy borrowers from a variety of backgrounds. financials,” said Shane Westra, Chief Product Officer at SimpleNexus. “We are proud to support the growth and innovation that Angel Oak Home Loans brings to the mortgage industry.”
Read more: Angel Oak Home Loans Opens Non-QM Business in New Locations
This move aligns with Angel Oak’s strategy to expand its non-QM lending business. In July, the Atlanta-based company opened five new branches in California, North Carolina and South Carolina.
“We are excited to deepen our roots in the Carolinas and bring a range of traditional and innovative loan products to more qualified borrowers across the country,” said Brian Mitchell, Regional Sales Manager, Angel Oak Home Loans. “We have seen a drastic increase in demand and the rate at which homes are being sold, especially in the Southeast. In response, there has also been a strong appetite for ways to streamline the home buying process, including options that could allow the whole process to be conducted remotely.