Tap Into an Underserved Market With Non-QM Loans
Carrington Defines Non-QM in NMP Magazine
There has long been a segment of the market unable to get a mortgage using conventional lending, and for more than a decade there hasn’t really been another product to offer these borrowers. In this article, Amy Marsh, business development manager for Carrington Mortgage Services, Wholesale Lending Division, and a non-QM subject matter expert, writes about how non-agency, also known as non-qualified mortgage or non-QM, loan programs have changed that. For the segment of the market unable to get a mortgage using conventional lending, non-QM offers these borrowers — who often are self-employed or unconventionally employed in the gig economy — a way to acquire the loan they need.
Read the article on NMPMagazine.com here.