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The Non-QM Pig Pile

When United Wholesale Mortgage, the Big Kahuna of originations, decided early this year that it was pushing forward into the Non-QM lending market, it was the biggest single indicator yet that lenders and LOs are looking to non-traditional mortgages to make up for a huge decline in traditional volume. ....

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Sprout Mortgage Promotes 2 To Senior Sales Positions

Sprout Mortgage, one of the nation's largest non-QM originators, today announced two promotions to senior sales positions in the western United States. Dean Ayres has been promoted to western regional vice president and Scott Wood has been named western regional manager, effective immediately, the company said. Wood replaces and now reports to Ayres, who in his new role reports to Sprout's senior vice president of TPO Sales for the west, Paul Howarth. Both are based in the company's Irvine, Calif., office.   ....

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