Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last few months.
The growth has come across the company’s various subsidiaries and business lines, which include Angel Oak Mortgage Solutions, Angel Oak Home Loans, Angel Oak Commercial Lending, and Angel Oak Prime Bridge.
And now, the company is about to grow again.
Angel Oak announced this week that it’s bringing Angel Oak Home Loans to Louisiana and opening up two new branches in the state.
Angel Oak Home Loans’ two new Louisiana branches will be located in Baton Rouge and Covington.
Angel Oak Home Loans offers traditional loan products along with non-QM options. The company now services borrowers in 17 states through a growing line of mortgage offerings.
“It’s exciting to be entering a new state with an expert team and a wide array of products,” says Steven Schwalb, managing partner of Angel Oak Home Loans. “Our presence in these two key housing markets means homeowners will have access to our innovative products and customer service, which have been pillars of our growth.”
According to Angel Oak, the company has seen “record-breaking” volume in non-QM lending over the last two quarters, with a combined total of more than $1 billion in originations from all of Angel Oak’s affiliated residential lenders.
And now, the company is bringing its lending operation to Louisiana.
“Across the board, we are seeing success at Angel Oak Home Loans through rapid growth and helping borrowers achieve their dreams of homeownership. Given our presence in the Southeast, it makes sense to focus our efforts in Louisiana,” Schwalb said. “Angel Oak’s strong team of mortgage experts can bring real value to borrowers and realtors with our traditional mortgage products as well as unique product solutions.”
