Angel Oak Mortgage Solutions, LLC, the nation’s leading wholesale and correspondent non-QM lender, officially announced today the launch of QuickQual. This advanced loan tool will significantly enhance the ease and speed at which loan officers (LOs) can determine borrower eligibility for non-QM loans.
QuickQual, powered by LoanScorecard, delivers loan eligibility decisions within a matter of minutes, eliminating a process which used to take up to 24 hours. The automated underwriting system (AUS) instantly produces a loan eligibility report, which is also sent to the appropriate Angel Oak Account Executive (AE). If the report indicates a successful pass, the LO can submit the loan with the click of a button. However, should the results flag any issues, the AE is able to view the full file, including the analytics behind it so they can identify potential challenges and address them.
“Customer service is in our DNA, integrating QuickQual shows our dedication to client satisfaction,” said Tom Hutchens, Executive Vice President of Production at Angel Oak Mortgage Solutions. “We realized right away that we couldn’t use an off-the-shelf solution. That’s why we spent the last 18 months working collaboratively with LoanScorecard to develop a custom solution that elegantly addresses the LO’s need for speed and confidence and, at the same time, aligns with our world class AE expertise. QuickQual is synchronized with our current processes, including the Salesforce integration to ensure a smooth transition.”
Hutchens added, “In terms of productivity, QuickQual significantly reduces the time that would have gone into manual prequals. This enhancement frees up significant time each day—time that can now be spent working with clients and getting deals done.”
Ben Wu, Executive Director at LoanScorecard, said, “We’re extremely pleased that an industry leader like Angel Oak is using our AUS technology to expand the non-QM market and to deliver a high-level of personalized service.”
To learn more about Angel Oak Mortgage Solutions new QuickQual process click here.
About Angel Oak Mortgage Solutions LLC
Angel Oak Mortgage Solutions, a leader in alternative lending solutions, is the nation’s top wholesale and correspondent provider of nonqualified mortgage loans. Its team of mortgage experts continues to pioneer a fresh, commonsense approach to overcoming today’s mortgage lending challenges. Operating in 44 states, the team provides a breadth of non-QM products that expands the pool of borrowers by offering partners more opportunities to grow their business and better serve their customers.
For more information, please visit www.angeloakms.com.