General World News

Non-QM lenders hunt for LOs as consumer-direct model falters

HW+ hiring

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree.

Non-QM lenders Angel Oak Mortgage, Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites.

According to Evan Kidwell, chief operating officer at Griffin Funding, a consumer-direct lender that launched non-QM operations in November 2020, the company is willing to hire newbie LOs and processors and give them on-the-job training.

“If you have non-QM experience, we can throw you right in, you’re going to have a job right away,” he said. “If you’re willing to learn details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com