Angel Oak Mortgage Solutions, LLC is enhancing its correspondent lending channel with new technology, infrastructure and high-level talent that reflect the growth in the non-qualified mortgage marketplace. The company has officially branded this channel as Angel Oak Correspondent to solidify its position in the correspondent lending space. The enhanced channel will allow Angel Oak to further its dominance of the non-QM market. Over the past few years, Angel Oak has consistently originated more non-QM loans than any other non-bank lender. With the enhanced correspondent channel, the firm is positioned to nearly double its production this year.

Angel Oak Correspondent furthers Angel Oak’s initiative to set the industry standard for innovation in the non-QM market. Following its most successful Q1 ever, with non-QM originations up 82% from the same period a year ago, the company is now exploring new frontiers. Angel Oak Correspondent brings non-QM products to lenders all across the industry.

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“Angel Oak continues to pave the way for non-QM lending,” says Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions. “More national lenders are catching on to the non-QM trend we’ve seen all along. Our correspondent team brings a new level of expertise to keep us ahead of the competition.”

Angel Oak Correspondent Lending welcomes four new executives to lead this initiative:

• Andy Steben, Senior Vice President of Correspondent Lending
• Dave Ryan, Vice President of Operations and Credit, Correspondent Lending
• Dan Bayer, Vice President of Correspondent Sales
• Bill Fanks, Director of Training

These four executives bring 68 years of combined mortgage industry experience to Angel Oak Correspondent. That experience is already being leveraged in the development of new technology and infrastructure that enable Angel Oak to deliver an unmatched level of customer service.

In addition, Angel Oak Correspondent is launching a new website, angeloakcorr.com. Future expansion of the site will include a version of its proprietary QuickQuote engine specifically for correspondents as well as a portal for marketing materials.

“The Angel Oak family of companies has industry-leading experience in every aspect of the non-agency market,” says Andy Steben, Senior Vice President of Correspondent Lending. “We integrated the best aspects of our non-QM underwriting, lending and securitization practices to provide a similar opportunity for correspondents.”

Angel Oak has a proven track record of success in the non-QM industry. Its vertical integration in the lending, origination and securitization space provides a unique perspective as the company refocuses on underserved areas of the market. In Q1 of 2019, the Angel Oak lending entities originated a record $563 million. The Angel Oak lending platform and its affiliates also hired 70 new employees during this quarter, bringing its total workforce to 675. Angel Oak Correspondent will be a catalyst for significant growth in 2019 and beyond.

ComplianceEase, a provider of automated compliance solutions to the financial services industry, announced today that its Board of Directors has appointed Michael Jackman as chief executive officer. Jackman replaces Anita Kwan, co-founder and chief executive officer, who is retiring.

John Vong, ComplianceEase’s other co-founder, has been named executive chairman of the board. In this role, he will be responsible for setting the company’s overall vision and strategy, as well expanding partnerships, broadening government outreach and establishing ComplianceEase as a leader in GRC technology.

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A veteran technologist, Jackman was part of the team at TRW Real Estate that developed the first software for the online ordering of title, tax, appraisal and credit services: technology that was integral to the growth of First American and later, CoreLogic. Over the course of his 30-plus year career, Jackman held division president positions at HNC Software (now part of Fair Isaac) and Fiserv’s LOS division. He was also CIO of Accredited Home Lenders and president and CEO of INTERLINQ Software, which was acquired by Harland Financial Solutions, then D+H Financial Technologies and is now part of Finastra.

Jackman is not new to ComplianceEase. In 2006, he was the acting-CTO of ComplianceEase, as the company searched for a permanent CTO. Since 2005, he has been a member of ComplianceEase’s board of advisors.

Commenting on the transition, John Vong said, “Michael is one of our industry’s true visionaries and a leader who has great credibility in the marketplace. I’m looking forward to working with him to help our clients and industry partners as they transition to the coming digital future.”