NMP - September 2016 - 42

heard street on the Our Heard on the Street column is a chronicle of events, changes and passages in the lives of the people and companies shaping the mortgage industry. Angel Oak Announces $132 Million-Plus Securitization of Non-Agency Loans SEPTEMBER 2016 n National Mortgage Professional Magazine n NationalMortgageProfessional.com 42 the loans we feel fit best within securitization parameters and meet investor requirements." AOMT 2016-1 issued approximately $119.38 million of senior classes of certificates and approximately $13.26 million of Angel Oak Capital Advisors has subordinate classes of certificates announced that it has completed for a total deal size of AOMT 2016-1, a $132.65 million approximately $132.65 million. securitization primarily backed by "There is a stark difference non-Qualified Mortgages (non-QM). between the collateral in our nonThis securitization marks the prime loans today and the subsecond offering of its kind by Angel prime products issued prior to the Oak Capital and represents the financial crisis," said John Hsu, firm's commitment to revitalizing Angel Oak's head of capital the non-QM mortgage market, markets. "Today's loans adhere to which has been dormant for nearly the 'ability-to-repay' (ATR) eight years. regulation and require significant Angel Oak Capital's two downpayment." securitizations are primarily backed by mortgages originated through D+H Adds More Than 100 the firm's two affiliate residential DocMagic Clients to its mortgage lenders-Angel Oak Mortgagebot Solution Mortgage Solutions LLC (wholesale) and Angel Oak Home Loans LLC (retail). AOMT 2016-1 also included collateral from another affiliated lender, Angel Oak DH Corporation has announced Prime Bridge LLC. In addition to that it has brought on more than sourcing the collateral through its 100 new lenders to its trusted affiliates, Angel Oak MortgagebotLOS solution, after Capital, through one of its signing a reseller agreement with accounts, has retained five percent DocMagic Inc. DocMagic is a of the offered securities, to satisfy provider of fully-compliant loan risk retention requirements of the document preparation, compliance, Dodd-Frank Act, and 100 percent eSign and eDelivery solutions. of the remaining classes of The agreement was signed to subordinate securities-aligning offer clients a seamless integration interests of all parties. between DocMagic and D+H's "Angel Oak's mortgage lenders MortgagebotLOS. This mirrors a have seen a steady increase in broader industry trend among non-QM mortgage origination financial institutions looking for volume since the inception of these comprehensive, end-to-end programs," said Angel Oak CEO solutions that handle all of their and CIO Sreeni Prabhu. "Our lending needs. lending platforms are on pace to originate approximately 3,100 loans totaling approximately $800 million by year end. Angel Oak Capital will continue to selectively purchase "We are happy to see that within just a few months, our partnership with DocMagic has been a success, and has kept D+H ahead of the trend in end-to-end solutions," said Steve Hoke, head of Lending, Retail & Product Management for Mortgagebot. "DocMagic's ability to introduce, train and support so many new clients in such a short period of time speaks volumes about the company and its products. We are thrilled by the great reception to this joint solution, and we expect it to continue driving growth going forward." DocMagic provides an extensive set of reps and warranties on all of its calculations, documents and data, which gives lenders peace of mind that they are fully compliant along with an actual insurancebacked policy. "D+H has been a very hands-on and responsive partner to work with while jointly supporting our mutual clients," said Dominic Iannitti, president and CEO of DocMagic. "Like DocMagic, D+H places a heavy emphasis on compliance, technology and customer service. This strong foundation will no doubt lead to more mutual clients enjoying the exceptional service levels that facilitate customer retention." Freedom Mortgage Completes Sterling Acquisition Freedom Mortgage Corporation announced the completion of its acquisition of the residential mortgage origination operations of Sterling National Bank, the principal subsidiary of Sterling Bancorp. The Mount Laurel, N.J.-based Freedom will now handle all residential mortgage inquiries from the customers at Sterling National Bank. The acquisition will also expand Freedom's presence into the greater New York City and Hudson Valley markets that Sterling serves. "We look forward to carrying on the tradition of excellence that has been a Sterling National Bank hallmark since 1888," said Freedom Mortgage CEO Stanley C. Middleman. "The entire region will benefit from the fast response, personalized service and complete range of home mortgages that Freedom offers throughout the United States. We are delighted to have this excellent group of dedicated professionals on the Freedom Mortgage team." PRMI Adds New Bay Area Location The San Francisco Division of Primary Residential Mortgage Inc. (PRMI) has expanded into Marin County, Calif. PRMI's Bay Area Division Managers Michael Koran and Dane Moler will increase their area of responsibility to include overseeing the new office location in Larkspur, Calif. PRMI's San Francisco Division is on pace to set new origination volume records again this year after funding a record-setting $91.9 million in loans in 2015. Since opening in 2008, the PRMI San http://www.NationalMortgageProfessional.com

Table of Contents for the Digital Edition of NMP - September 2016

Table of Contents
NMP - September 2016 - Cover1
NMP - September 2016 - Cover2
NMP - September 2016 - 1
NMP - September 2016 - Table of Contents
NMP - September 2016 - 3
NMP - September 2016 - 4
NMP - September 2016 - 5
NMP - September 2016 - 6
NMP - September 2016 - 7
NMP - September 2016 - 8
NMP - September 2016 - 9
NMP - September 2016 - 10
NMP - September 2016 - 11
NMP - September 2016 - 12
NMP - September 2016 - 13
NMP - September 2016 - 14
NMP - September 2016 - 15
NMP - September 2016 - 16
NMP - September 2016 - 17
NMP - September 2016 - 18
NMP - September 2016 - 19
NMP - September 2016 - 20
NMP - September 2016 - 21
NMP - September 2016 - 22
NMP - September 2016 - 23
NMP - September 2016 - 24
NMP - September 2016 - 25
NMP - September 2016 - 26
NMP - September 2016 - 27
NMP - September 2016 - 28
NMP - September 2016 - 29
NMP - September 2016 - 30
NMP - September 2016 - 31
NMP - September 2016 - 32
NMP - September 2016 - 33
NMP - September 2016 - 34
NMP - September 2016 - 35
NMP - September 2016 - 36
NMP - September 2016 - 37
NMP - September 2016 - 38
NMP - September 2016 - 39
NMP - September 2016 - 40
NMP - September 2016 - 41
NMP - September 2016 - 42
NMP - September 2016 - 43
NMP - September 2016 - 44
NMP - September 2016 - 45
NMP - September 2016 - 46
NMP - September 2016 - 47
NMP - September 2016 - 48
NMP - September 2016 - 49
NMP - September 2016 - 50
NMP - September 2016 - 51
NMP - September 2016 - 52
NMP - September 2016 - 53
NMP - September 2016 - 54
NMP - September 2016 - 55
NMP - September 2016 - 56
NMP - September 2016 - 57
NMP - September 2016 - 58
NMP - September 2016 - 59
NMP - September 2016 - 60
NMP - September 2016 - 61
NMP - September 2016 - 62
NMP - September 2016 - 63
NMP - September 2016 - 64
NMP - September 2016 - 65
NMP - September 2016 - 66
NMP - September 2016 - 67
NMP - September 2016 - 68
NMP - September 2016 - 69
NMP - September 2016 - 70
NMP - September 2016 - 71
NMP - September 2016 - 72
NMP - September 2016 - 73
NMP - September 2016 - 74
NMP - September 2016 - 75
NMP - September 2016 - 76
NMP - September 2016 - 77
NMP - September 2016 - 78
NMP - September 2016 - 79
NMP - September 2016 - 80
NMP - September 2016 - 81
NMP - September 2016 - 82
NMP - September 2016 - 83
NMP - September 2016 - 84
NMP - September 2016 - 85
NMP - September 2016 - 86
NMP - September 2016 - 87
NMP - September 2016 - 88
NMP - September 2016 - 89
NMP - September 2016 - 90
NMP - September 2016 - 91
NMP - September 2016 - 92
NMP - September 2016 - 93
NMP - September 2016 - 94
NMP - September 2016 - 95
NMP - September 2016 - 96
NMP - September 2016 - 97
NMP - September 2016 - 98
NMP - September 2016 - 99
NMP - September 2016 - 100
NMP - September 2016 - 101
NMP - September 2016 - 102
NMP - September 2016 - 103
NMP - September 2016 - 104
NMP - September 2016 - Cover3
NMP - September 2016 - Cover4
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201911
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201910
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201909
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201908
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201907
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201906
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201905
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201904
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201903
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201902
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201901
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201812
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201811
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201810
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201809
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201808
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201807
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201806
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201805
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201804
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201803
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201802
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201801
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201712
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201711
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201710
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201709
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201708
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201707
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201706
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201705
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201704
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201703
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201702
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201701
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201612
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201611
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201610
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201609
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201608
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201607
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201604
http://www.nxtbookMEDIA.com