A&D Mortgage and Imperial Fund have closed their second standalone securitization post-pandemic, for non-QM loans originated and serviced by A&D Mortgage. S&P and DBRS Morningstar rated the securitization.
“With the backing of securitization, A&D Mortgage is a market driver in the non-QM arena,” says company founder Max Slyusarchuk. “We have the ability to create our own products, allowing us to serve more people and communities. This allows us to provide the best pricing and products for our partners while ensuring A&D Mortgage remains financially strong.”
The S&P and DBRS Morningstar ratings were assigned to fixed- and adjustable-rate prime and non-prime first-lien residential mortgages. Mortgage Pass-Through Certificates, Series 2021-NQM1, funded the mortgages. The certificates are backed by 493 loans with a principal balance totaling $214,223,458 as of May 1.
Non-QM loans make up approximately 72% of the pool, with 28% of the pool being ATR-exempt investor property loans.
A&D Mortgage is a wholesale lender that offers a full spectrum of conventional, government, prime jumbo, and non-QM loan products.