A&D Mortgage, together with Imperial Fund, recently closed their second stand-alone securitization post the pandemic.
The securitization was for mortgage loans originated and serviced by A&D Mortgage, the primary servicer of the loans. S&P and DBRS Morningstar rated the securitization, and the deal closed on Friday, June 11, 2021.
As one of the very few companies that issues Non-QM securities, the securitization market has been instrumental in expanding A&D Mortgage’s ability to conduct transactions on a repeat basis within the mortgage industry. “With the backing of securitization, A&D Mortgage is a market driver in the Non-QM arena,” shared Max Slyusarchuk, Founder and CEO of A&D Mortgage, “We have the ability to create our own products, allowing us to serve more people and communities throughout the nation. This allows us to provide the best pricing and products for our partners while ensuring A&D Mortgage remains financially strong.”
The S&P and DBRS Morningstar ratings were assigned to fixed- and adjustable-rate prime and non-prime first-lien residential mortgages. Mortgage Pass-Through Certificates, Series 2021-NQM1, funded the mortgages. The Certificates are backed by 493 loans with a principal balance totaling $214,223,458 as of May 1, 2021, or the Cut-Off Date. Non-QM loans make up approximately 72% of the pool, with 28% of the pool being ATR-exempt investor property loans.
With the backing of securitization, A&D Mortgage is a market leader in setting the stage and tone for the Non-QM market and the development of Non-QM products. As a wholesale lender, they offer a full spectrum of conventional, government, prime jumbo, and Non-QM loan products with 24-hour turnaround times and some of the most competitive rates in the industry.
A&D Mortgage offers programs for self-employed borrowers, small business owners, and independent contractors. They also offer products for prime borrowers, foreign national borrowers, as well as borrowers with less-than-perfect credit. In addition, DSCR programs with no income verification requirement are offered for investment property loans. A&D Mortgage. www.admortgage.com, www.admortgage.com/important-disclosures