Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, recently finalized its eighth rated RMBS transaction for $254 million.
It was the firm’s fifth securitization deal in 2018.
The transaction was comprised of non-owner-occupied mortgages on 1-to-4 unit family properties.
The securitization was rated by S&P Global Ratings and Morningstar and is the second investor-only transaction by Invictus, an investment firm that backs VMC.
Dane Smith, president of VMC, says he expects 2019 to be “even stronger in terms of the increasing interest in and demand for non-QM and investor loans.”
“Our focus remains on helping lenders grow their businesses with responsible non-QM lending and we are dedicated to purchasing quality loans as efficiently as possible,” Smith says in a release.
VMC has purchased more than $4 billion in expanded, non-agency loans since its inception.