NQM Funding LLC Website : https://www.nqmf.com/
In this MikeDrop episode, we sit down with Rudy Orman, Senior Vice President of NQM Funding, LLC, to discuss a game-changing topic in the mortgage industry: Non-QM (Non-Qualified Mortgage) loans. With over 35 years of experience at major institutions like Goldman Sachs and Marathon Asset Management, Rudy brings a wealth of knowledge and a fresh perspective to Non-QM lending.
During this compact yet insightful episode, Rudy dives deep into the complexities of Non-QM loans. He explains how these lending products can provide loan officers with untapped opportunities to grow their business, especially in markets that may have been neglected by conventional financing. Non-QM loans, while not as widespread as agency loans like those from Fannie Mae or Freddie Mac, hold massive potential for loan officers looking to expand their portfolios and serve a diverse clientele.
Throughout the episode, Rudy emphasizes the importance of diversification in a loan officer's toolkit. He explains how Non-QM loans cater to real estate investors, self-employed borrowers, and high-net-worth individuals who don't fit the mold of traditional loan requirements. Rudy's real-world insights reveal how Non-QM is not just a niche product but a key to thriving in today’s ever-changing lending landscape.
Rudy also shares a key mindset shift for loan officers: Don’t sell with your own wallet. He explains that just because you might not personally buy a Rolls-Royce or an expensive piece of art doesn’t mean your clients wouldn’t. Understanding the needs and capabilities of borrowers in different financial situations is crucial to matching them with the right product, especially when it comes to Non-QM.
Moreover, Rudy touches on how Non-QM lending is driven by Wall Street demand. The liquidity and investor appetite behind these loans make them a viable and often more profitable option than conventional loans. For mortgage professionals, being able to offer Non-QM products can set them apart from competitors and create long-lasting relationships with borrowers.
Finally, Rudy challenges loan officers to think beyond their wildest dreams and turn Non-QM lending into a core component of their origination platform. As the housing market continues to evolve, loan officers who can offer Non-QM solutions are better positioned to grow their business and help their clients achieve their financial goals.
This episode is a must-watch for mortgage professionals who want to stay ahead of the curve, capitalize on new opportunities, and offer more value to their clients. Don't miss this chance to learn from one of the industry's top experts and elevate your lending game with Non-QM loans.
