Angel Oak continues to expand with four new branches
Angel Oak Home Loans announced the opening of four new branches in Tampa, Florida; Newport Beach, California; Las Vegas, Nevada; and Hillsborough, North Carolina. The new Angel Oak offices mark the lender’s 10th, 11th, 12th and 13th openings in 2021, more than doubling the number of new branches opened in 2020.
“We are proud to experience such rapid growth this year thanks to our team’s dedication to customer satisfaction and our clients’ confidence in the loan products we offer,” said Trent Reed, SVP and Division Manager at Angel Oak Home Loans. “Not only are we keeping our promise to provide borrowers with innovative loans that match their personal financial circumstances, but we are taking that vision to the next level by helping more people across the country.
Angel Oak seeks to seize growth opportunities in the western United States, focusing on the Arizona, California, Idaho, Nevada, Oregon and Washington markets.
“Our growth throughout the Western region is a reflection of our innovative products and our white glove approach to customer service,” said Mac Cregger, SVP and Division Manager at Angel Oak Home Loans. “Angel Oak has built a culture of innovation and service, a combination difficult to find in the mortgage industry today. This has been a huge driver of our success this year and we will always challenge ourselves to meet the evolving needs of our customers. We are excited to continue to reach more borrowers in new areas across the country. “
The Angel Oak lending platform, made up of unqualified mortgage lender (non-QM) Angel Oak Mortgage Solutions and retail mortgage lender Angel Oak Home Loans, recently announced that its entities have funded more than $ 10 billion in loans. unqualified mortgages since their inception, consisting of more than 26,000 financed loans.
“As the mortgage industry continues to strengthen after COVID-19, non-QMs will continue to develop as a key market sector, and we plan to continue to be at the forefront of this growth,” a declared Mike fierman, Managing Partner and Co-CEO of Angel Oak Companies. “The pandemic has taught our business so much and we have truly become a better business. Crossing the $ 10 billion mark is a testament to our success and our commitment to this space. “