Angel Oak Lending Platform Announces 2021 Record, Set for Rapid Growth in 2022


ATLANTA–(BUSINESS WIRE)–The Angel Oak Lending Platform (“Angel Oak Lending”), comprised of specialty wholesaler and non-qualified (non-QM) mortgage lender Angel Oak Mortgage Solutions and full-service retail mortgage lender Angel Oak Home Loans, is pleased to report that it has experienced rapid and record expansion over the past year in all aspects of its business. 2021 milestones include:

  • Angel Oak Lending funded a company record $3.9 billion in unqualified mortgages.

  • The lending platform surpassed $10 billion in lifetime non-QM origination volume.

  • Over 30% growth in the Angel Oak Lending workforce, bringing the total company-wide workforce of Angel Oak Companies to over 900 employees.

“2021 showcased the strength of Angel Oak’s lending platform, and our origination success over the past year is a testament to our ability to innovate and adapt to better serve our clients in poorly performing markets. serviced,” said Steven Schwalb, Managing Partner of Angel Oak Lending. . “We have incredible momentum in 2022 and see the non-agency space continuing to grow rapidly amid favorable economic conditions, a robust housing market and changes at the GSE level that will direct more lenders to private capital.”

Angel Oak Lending expects to be able to issue more than $7.5 billion in non-QM loans in 2022. In order to achieve this goal, Angel Oak will further integrate cutting-edge technology and a data-driven approach into all of its entities. Technology introduced in 2021 on Angel Oak’s mortgage platform has improved the overall customer experience and streamlined the non-QM origination process. Throughout 2022, Angel Oak intends to leverage its vast data set and insights to develop new mortgage products and bring innovative investment solutions to institutional investors.

“We are committed to integrating technology into all aspects of our business,” said Mike Fierman, managing partner and co-CEO of Angel Oak Companies. “By focusing on data and analytics, we are able to grow thoughtfully and provide the best solutions to our clients, whether they are potential buyers or institutional investors. We are extremely excited about the outlook for 2022 and believe our initiatives in 2021 have positioned our business for another incredibly successful year.

Angel Oak Capital Advisors, the asset management arm of Angel Oak Companies, celebrated success and milestones this year as investors recognized the benefits of Angel Oak’s vertical integration. Angel Oak Capital Advisors has launched the industry’s first non-QM pure-play real estate investment trust through Angel Oak Mortgage, Inc., which trades on the New York Stock Exchange under the symbol “AOMR”. The IPO of AOMR is another step in advancing Angel Oak’s private credit investment strategy. Other achievements in 2021 include surpassing $10 billion in lifetime securitization volume and issuing the first non-agency social bond securitization in the United States.

“Angel Oak’s ability to collaborate across entities and create new growth opportunities differentiates us in the market,” says Fierman. “We plan to continue to leverage this advantage in the future and offer more solutions across the spectrum, while increasing our efficiency and improving our operations in areas ranging from lending to capital markets.”

About Angel Oak Companies, LLC

Angel Oak Companies is an industry leader in providing innovative mortgage lending solutions. Through its integrated lending and investment platform, which includes Angel Oak Capital Advisors, Angel Oak Home Loans and Angel Oak Mortgage Solutions, Angel Oak Companies offers unique asset and loan management solutions.

For more information, please visit www.angeloakcompanies.com.

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