In today’s ever-evolving mortgage lending market, one word that comes to mind for homeowners who purchased their property during the pandemic is “comfortable.” For mortgage brokers, the market was like a river, constantly flowing with success and revenue. However, as we transition to a post-pandemic world, the landscape has shifted. Mortgage rates are climbing, reaching close to 7%, and certain borrowers are being pushed away from traditional mortgages due to changes in the gig economy. Despite these challenges, opportunities abound for brokers who work with non-QM borrowers, such as Acra Lending.
Acra Lending, a well-established leader in the space, has seen significant growth in non-QM originations between 2023 and 2024, showcasing the resilience and adaptability needed to thrive in a changing market.
Unlocking Opportunities in a Challenging Market
While some may see obstacles in today’s mortgage market, those offering non-QM products recognize the vast opportunities available. The evolving employment market, with its rise in self-employment, creates a new segment of borrowers who require flexible lending solutions. Furthermore, tightening credit standards and rising interest rates present a gap in services that non-QM lending can fill, catering to borrowers who don’t fit the traditional mold.
Brokers equipped with Acra Lending’s non-QM products, technology, and expertise are poised to serve these underserved borrowers, positioning themselves ahead of traditional lenders.
Acra Lending: Setting the Standard in Non-QM Lending
When it comes to non-QM lending, Acra Lending stands out for its people, processes, and technology. The company invests heavily in its team, ensuring that every staff member is well-versed in the nuances of non-QM lending. Through ongoing training and development, Acra Lending’s professionals maintain a high level of expertise that can adapt to any situation.
Efficiency is at the core of Acra Lending’s offerings, with streamlined processes that save time and enhance the borrower experience. From eligibility review systems to automated appraisal reviews, Acra Lending leverages technology to simplify complex processes without sacrificing personalized customer service.
Advice for Brokers and Lenders
To succeed in the non-QM market, understanding your customers’ needs is key. Self-employed borrowers, real estate investors, and others looking for alternative lending solutions require a personalized approach. By partnering with an innovative lender like Acra Lending, brokers and lenders can stay ahead of the curve and position themselves as top choices for all borrowers.
As we approach 2025, the non-QM lending market is poised for significant growth. Brokers and lenders looking to thrive in this changing landscape should consider exploring opportunities with Acra Lending and solidify their position in a dynamic and evolving marketplace.
