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Home » Some Nonprime/Non-QM Lenders Get Right With TRID and Expect to Double Production This Year
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Some Nonprime/Non-QM Lenders Get Right With TRID and Expect to Double Production This Year

May 5, 2016
Like the rest of the industry, the small but growing nonprime sector has struggled with the integrated disclosure rule known as TRID, but for the most part such lenders have adjusted and are now seeing a noticeable increase in both applications and production. At least that’s the view of two of the largest players in the market: Angel Oak Mortgage Solutions, Atlanta, and Citadel Servicing Corp., Irvine, CA. Each firm now expects to fund between $800 million and $850 million this year. They did...
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