Angel Oak Prime Bridge LLC has expanded its wholesale options for mortgage brokers looking to expand offerings to clients that want fix and flip home financing.
The outlook for the fix-and-flip market shows an incredible opportunity for growth in the years to come. The aim is for brokers to have streamlined access to innovative solutions for borrowers looking to get financing in this space. Fundamentals remain on solid footing and markets continue to see robust demand for financing as more borrowers come off the sidelines.
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“Many brokers we work with are inundated with requests for loans as demand for financing skyrockets. It’s clear that there is an opportunity for brokers to expand their business in this area. Now with Angel Oak, brokers have a simple way to access products that fit the needs of these borrowers,” said Jackson, “Our new products are another tool in the belt for brokers looking to expand their offerings and client base.”
To spearhead this effort Angel Oak has hired mortgage and wholesale veteran Will Jackson, who has over 20 years of experience in the industry and a successful track record of managing and leading business efforts in this space, most recently at JP Morgan Chase.
“We’ve witnessed the demand from brokers looking to expand into different product offerings. Given our expertise and success in the non-QM wholesale channel this new effort will be a seamless experience for brokers. We’ve already built out our staff and support team, we’re ready to bring another great product to brokers,” says Steven Schwalb, managing partner of Angel Oak Lending Entities.
