Non-QM zigs when others zag

While the mortgage industry is abuzz with layoffs chatter, some non-QM companies are instead revving up hiring.

Good afternoon! Was this newsletter forwarded to you? Sign up here. Hello, LOs!   While the mortgage industry is abuzz with layoffs chatter, some non-QM companies are instead revving up hiring.   Acra Lending, PRMG, and Sprout Mortgage have all announced within the past several weeks that, going into the new year, they are looking to pick up some new mortgage talent.   The predominantly non-QM shops are looking to bring onboard loan officers, underwriters, correspondent executives and wholesale account executives. (Folks laid off from Better.com and Interfirst Mortgage last year now have a plethora of options in the non-QM space.)   For months now, industry insiders, including LOs from retail shops, have predicted that the non-QM space is set to boom in 2022, as the market transitions into being more purchase-dense and rates start to tick up. And it seems that non-QM shops have started to prepare for more business.   "As we continue to expand after a record breaking 2021, we are continuing that momentum as we head into a new year," Acra said in a statement announcing that they are hiring.   Tell me LOs, do you think 2022 is the year of the non-QM mortgage? How difficult is it to make the transition from agency to non-QM mortgages? And if you work in the non-QM space, is your employer hiring?    Give me a shout at mvolkova@housingwire.com   Maria Volkova, Mortgage Reporter at HousingWire Originators gear up for the purchase market Mortgage, HW+ Exclusive Content Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn't just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022. Make your wishes come true at Finance of America Mortgage What's on your holiday wish list? Spending more time with family? Doubling production and closing deals in half the time? A wider range of loans to answer your clients' every need? Make your wishes a reality - join Finance of America Mortgage today! Sponsored by Finance of America Mortgage How lenders can work more efficiently in a tight profit margin environment Presented by WFG Lender Services As we move to a more purchase-heavy market, lenders are seeing a decline in profit margins and an increase in origination expenses. The secondary market is primed to rise in 2022 Mortgage, HW+ Exclusive Content Projecting the outlook for the housing market in the coming year, including prospects for the secondary market for mortgage-backed securities, can be an exercise in crystal-ball gazing, but one indicator key to bringing clarity to that crystal ball is the direction of interest rates. Servicers prepare to handle forbearance exits Mortgage, HW+ Exclusive Content Servicers have worked with millions of borrowers who lost their jobs during the pandemic, but the challenges continue. HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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