"Our company's expanding presence shows that there is a demand for flexible products"
Non-QM leader Angel Oak Home Loans has expanded its retail operations in California and Mississippi with two new branches.
Angel Oak opened a new branch in Camarillo, Calif., and another office in Hattiesburg, Miss. The move comes on the heels of its recent expansion in California, Nevada, and Utah, bringing the number of the company’s branches nationwide to 51.
“We have experienced rapid growth in 2021, and the addition of these two branches sets us up for another successful year,” said Mac Cregger, senior vice president and divisional manager at Angel Oak Home Loans. “Angel Oak’s ability to pinpoint opportunities for expansion has been a huge advantage, not only to the company but ultimately for the borrowers we serve. Our company’s expanding presence shows that there is a demand for flexible products to better serve the growing number of homebuyers.”
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In 2021 alone, the retail lender opened 19 branches across the country with plans to challenge that growth this year by strategically extending its footprint out West and in the South. Angel Oak offers traditional loan products as well as non-QM options for prospective homebuyers who do not meet current lending standards.
“Borrowers across the United States, and areas with hot housing markets, are in need of innovative loan products that fit their specific financial situation, which is Angel Oak’s specialty,” said Sean Casey, senior vice president and western regional manager at Angel Oak Home Loans. “Angel Oak’s mission is driven by inclusion which enables us to provide almost any qualified homeowner with a loan product they need to buy their dream home. We aim to serve each borrower on a case-by-case basis, offering them a seamless, white-glove experience not often found in the mortgage industry today.”
