Deephaven Mortgage offers hands-on training to help brokers gain expertise with non-QM product offerings

ByValerie Winifred

Jul 8, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

With a lot more hopeful homeowners exploring for non-conventional lending answers, brokers are on the lookout to companion with wholesale loan companies that can supply exclusive selections. For those people debtors historically underserved in the standard home finance loan market, Deephaven Home loan has demonstrated that its know-how in the non-QM place can profit each brokers and borrowers.

With additional than a thousand impartial mortgage loan brokers counting on their know-how and working experience, the account executives at Deephaven Mortgage have a standing for supporting their brokers prosper every step of the way.

“We do the job with brokers on their submissions from the get-go by recommending the appropriate item, catching glitches or lacking data upfront and stewarding the software by means of to underwriting,” reported Tom Davis, Main Profits Officer at Deephaven Property finance loan. “Our brokers know we stand by our phrases and commitments. And since our underwriting is in-home, we react faster and can be additional adaptable with borrowers’ individual scenarios.”

As the demand for non-QM proceeds to increase, brokers want to know that they are fully equipped to tackle an inflow of non-QM borrowers. Even though incorporating non-QM solutions to their products offering could be huge for enterprise, quite a few brokers may not have the realistic expertise required to negotiate these personal loan varieties correctly. That is in which Deephaven arrives in.

“Brokers who are new to non-QM are eager to present these financial loans to grow their value and their organization. On the other hand, they are frequently anxious it may well be difficult to master how to broker non-QM,” stated Shelly Griffin, Senior Vice President of Consumer Development. “Deephaven provides excellent, palms-on training that rapidly will get brokers at ease with the course of action and distributing financial loans. We also deliver them with white label advertising and marketing resources outlining non-QM and various product or service solutions that they can just go on to borrowers or serious estate agents.”

Deephaven also offers a bank statement personal loan system element that supplies an outstanding answer to appraise the economical position for borrowers who are self-employed or little business enterprise house owners. Moreover, Deephaven’s 15-day DSCR (Personal debt Support Protection Ratio) bank loan software give brokers a aggressive benefit in a booming residence investment marketplace.

By pioneering far more non-regular lending options, Deephaven is holding tempo with a housing marketplace and workforce that is frequently evolving. The staff at Deephaven continues to adapt its solutions and strategy to align with the requires of nowadays to aid upcoming borrowers satisfy their homebuying goals and to enable brokers satisfy their small business plans,.

“Entrepreneurs, self-used personnel, business owners, residence buyers – much more and far more people today are deciding on to do it their way. As the desire for non-QM proceeds to mature, it will grow to be a lot more mainstream to the place the place it will be unconventional for a wholesale broker not to incorporate non-QM in their products offering,” claimed Steve Lemon, Senior Vice President and National Head of Wholesale Revenue. “Our purpose is to lead the adoption of non-QM by the wholesale broker group as a result of products innovation, excellent schooling and amazing guidance for both brokers and debtors.”


Tom Davis, Chief Gross sales Officer

Tom Davis manages Deephaven’s Wholesale and Correspondent sales channels and delivers 20+ several years of practical experience helping lending companions with their Non-Company/non-QM and Company requirements.


Shelly Griffin, Senior Vice President, Customer Growth

Shelly Griffin’s profound information of personal loan processing and underwriting translates into assured, very long-time period consumer associations. She has helped innumerable home loan industry experts effectively roll out non-QM goods for their companies.


Steve Lemon, Senior Vice President, Countrywide Head of Wholesale Income

Steve Lemon is growing Deephaven’s broker network as the demand from customers for Deephaven’s non-QM items increases. Steve brings additional than 25 several years of accomplishment in income and assist in the non-QM area.