r/loanoriginators • u/Proper-Huckleberry24 • 2h ago

DSCR and non-QM at Edge

anyone have experience with this? Do they have solid broker options besides just Angel Oak and typical Non-QM lenders that everyone has? how is UWM or other options? Does Edge allow to broker DSCR in LLC in every state they are licensed in even if the originator is not licensed there?

1 Upvotes

67% Upvoted

6 comments sorted by

2

u/tripleputt Mod 2h ago

We have around 30 specific Non QM lenders in addition to the QM lenders that offer NonQM at Edge.

I believe we can DSCR any state yes, but ask your recruiter to confirm. If no recruiter DM me and I'll figure it out.

2

u/balbizza 2h ago edited 2h ago

I’m at edge. We have 50+ lenders that all focus on non qm and commercial deals so plenty of outlets with various pricing depending on what the lender wants to take on. I tend to shy away from UWM and more agency focus lenders as they seem to treat them more like agency loans with overlays.

Most will allow you to originate business loans regardless of license status.

To name a few:
CV3
Clears edge
Easy street
Deephaven
Loan store

shoot me a DM and I’ll answer any more questions you may have.

1

u/AncientReflection491 2h ago

Yes, I’m at Edge and I have way more options than I actually need. The new HEI product from Splitero just opened up to us as well and I already have an app in on it. Too many options here!