Verus Mortgage Capital, specializing in non-QM and investor rental programs, led non-agency MBS issuance last year.

WASHINGTON, D.C., UNITED STATES, March 15, 2024 /EINPresswire.com/ -- Verus Mortgage Capital (VMC), a correspondent investor specializing in residential non-QM and investor rental programs, was the top issuer of non-agency mortgage-backed securities last year.

In 2023, the non-QM sector was the largest subsector of the non-agency space representing roughly 40% of total issuance. A recent ranking by Inside Nonconforming Markets listed Invictus Capital Partners, Verus’ parent company which focuses on expanded-credit MBS, as the top issuer of non-agency mortgage-backed securities last year. It surpassed JPMorgan Chase, which focuses on jumbo MBS. Invictus issued $5.75 billion while Chase issued $3.95 billion.

Verus specializes in expanded credit/non-QM and investor rental loan programs and financed 11 deals totaling more than $5.71 billion. Additionally, the platform saw a 45% increase in the number of unique investors per securitization. Since it was founded, Verus has financed approximately $28 billion through 54 rated securitization transactions, establishing itself as the predominant non-QM issuer since 2017.

“Verus remains committed to innovation and excellence in the non-QM and non-agency space,” said Dane Smith, President of VMC. “Now is the ideal time for originators to consider the non- QM sector, partnering with Verus, the recognized market leader. Non-QM continues to be a practical way for lenders to meet the ever-changing financial needs of their borrowers.”

About Verus Mortgage Capital
Founded in 2015, Verus Mortgage Capital (VMC) is a non-QM correspondent investor backed by Invictus Capital Partners, a leading investment firm. VMC purchases loans in all 50 states and the District of Columbia and focuses solely on the non-agency market. It offers correspondent lenders a wide range of home financing products for credit worthy borrowers.

The Washington, D.C.-based company, with operations located in Minneapolis, has purchased more than $28 billion in expanded, non-agency loans since its inception. In addition, through its affiliates, VMC has completed 54 rated securitizations. Mortgage bankers can learn more about VMC’s investor products by visiting www.verusmc.com.

Amy Hansen
Seroka Public Relations
+1 414-520-5680
amy@seroka.com

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