Oaktree Funding, a wholesale mortgage lender, is now a participating lender in Calyx Point, the loan origination system from Calyx.
Oaktree Funding offers a wide range of mortgage products, including competitive non-QM and non-agency programs: for example, low-document bank statement and investor loans with limits as high as $4 million.
“As the refinance market contracts, brokers will need new products, like non-QM, to replace the volume,” says Kristopher Martin, co-CEO at Oaktree, in a release. “Becoming a participating lender on Point will connect Oaktree with the thousands of brokers using this LOS, showcasing our non-QM programs and giving brokers easy access to new sources of business.”
“We are extremely pleased to welcome Oaktree to Point,” adds Michele Parson, senior marketing manager at Calyx. “The process is easier for originators by enabling them to connect with multiple wholesalers and seamlessly determine eligibility on a loan file without leaving their Calyx LOS.”
Calyx’s mortgage software solutions are used by banks, credit unions, mortgage bankers, wholesale and correspondent lenders, and brokers.
Photo: Jonny Gios