PHH Mortgage Corp., a subsidiary of Onity Group, on Monday introduced a new suite of nonqualified mortgage (non-QM) products designed to serve its correspondent lending partners and a wide range of nontraditional borrowers.

The product suite, known as FlexIQ, is expected to launch Oct. 20, the company announced in a press release. It includes full documentation, alternative documentation and debt-service-coverage ratio (DSCR) loans for homebuyers working with PHH’s delegated and nondelegated correspondents.

“FlexIQ is our new proprietary product with a service-first approach that includes a single standard for underwriting across multiple product types, a dedicated support desk, and other necessary training, details ⇒

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