|Title||Verus Mortgage Capital is adding additional correspondent sales people nationwide|
Verus Mortgage Capital, a leading Non-Agency/Non-QM correspondent investor, continues to see record monthly volumes due to its “expansive product offering and new correspondent sellers joining the platform monthly.” “Many companies are looking to Verus and its innovative product offering to offset the impact from higher rates” said Dane Smith President of Verus. In February Verus’s affiliate Invictus Capital Partners completed its first rated securitization backed by Non-QM loans acquired by Verus, only the second investor to issue a rated transaction backed by non-prime mortgages following the financial crisis. The pool included loans with alternative documentation sources such as bank statements for self-employed borrowers, consumers with prior credit events, and business purpose loans to investors. Verus Mortgage Capital is adding additional correspondent sales people nationwide to keep up with new client demand” said Smith.