Angel Oak Mortgage Solutions

What Angel Oak Mortgage Solutions does

Angel Oak Mortgage Solutions is a non-QM (non-qualified mortgage) wholesale lender operating exclusively through a network of approved mortgage brokers and correspondent lenders across all 50 U.S. states and the District of Columbia. Founded around 2009 and headquartered at 980 Hammond Drive, Suite 850 in Atlanta, GA, the company originates loans for borrowers who do not fit conventional Agency guidelines—including self-employed individuals, real estate investors, foreign nationals, ITIN borrowers, asset-rich but income-limited households, and borrowers recovering from recent credit events. Its program portfolio spans Bank Statement Loans, Bank Statement HELOCs, 1099 Income Loans, P&L Loans, DSCR (Investor Cash Flow) Loans, DSCR Closed-End Second Liens, Foreign National programs, Asset Qualifier, Asset Depletion, Platinum jumbo, Portfolio Select, ITIN mortgages, and Closed-End Second Mortgages, with ARMs (5/6, 7/6) and 2-1 buydown options available across programs.

The company operates a proprietary technology stack anchored by AngelOak iQ, a full-stack broker platform that provides Non-QM QuickQuote for instant pricing without login, AI-driven borrower analysis, TPO Connect integration for loan submission, automated disclosures, and closing support. A differentiated capability is the November 2025 launch of an industry-first Rental Automated Valuation Model (AVM) for DSCR loans, developed in partnership with Clear Capital, which generates instant rental income estimates at pre-qualification and locks the figure in for the loan term. The company supplements this with AirDNA integration for short-term rental analysis, broker calculators (DSCR, Blended Rate, 2-1 Buydown), and partnerships with multiple appraisal management companies (ACT Appraisal, Kairos, Atlas VMS, Nationwide Appraisal Network, ClassValuation, Servicelink, NovoAMC, Equity Solutions).

Angel Oak generates revenue through origination fees on wholesale and correspondent non-QM loan production, gains on sale of loans into the secondary market, and ongoing economics from RMBS securitization (50 non-agency securitizations completed through Angel Oak Capital Advisors as of September 2024, including recent transactions of $272.8M and $279.6M). Loans are serviced through sub-servicers Select Portfolio Servicing and Shellpoint Mortgage Servicing. In 2025, the company reported 33% year-over-year origination growth and 30% expansion of its broker partner network, and in 2026 plans to add 40 account executives. The company operates as the wholesale lending division of Angel Oak Companies, LP; Brookfield Asset Management acquired a majority stake in 2025, providing capital for ongoing expansion.

Name

Angel Oak Mortgage Solutions

Legal name

Angel Oak Mortgage Solutions LLC

Website

https://angeloakms.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Angel Oak Mortgage Solutions is a wholesale non-QM mortgage lender serving U.S. mortgage brokers with bank statement, DSCR, ITIN, foreign national, and asset qualifier loan programs, delivered through its proprietary AngelOak iQ pricing and origination platform.

Ownership category

akta.pro rank

Product category

Non-QM Mortgage Lending

NAICS

Real Estate Credit (522292), Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162), Asset-Backed Securities (6189)

akta.pro primary industry

Non-QM / Alternative Documentation Mortgage Origination (FSALAAAJ)

akta.pro secondary industries

Automated Valuation Models (AVM) & Property Data/Analytics (FSALALAJ), Non-Agency (Jumbo/Non-QM) Mortgage Servicing (FSALAEAB)

Keywords

• Non-QM mortgage lending
• Wholesale mortgage broker
• DSCR investor loans
• Bank statement loans
• Residential mortgage-backed securities

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Mortgage Loan Origination: Angel Oak originates non-QM mortgage loans through a wholesale model, where mortgage brokers submit loans on behalf of borrowers. The company earns origination fees and gains revenue from the spread between origination and sale of loans into the secondary market or through securitization.
2. Securitization and RMBS Issuance: The company securitizes non-QM loans into residential mortgage-backed securities (RMBS) transactions. Recent transactions include Angel Oak Mortgage Trust 2026-3 ($279.6 million) and 2026-2 ($272.8 million). Securitization generates upfront proceeds and ongoing servicing rights.
3. Wholesale and Correspondent Lending: As a wholesale lender, Angel Oak provides non-QM loan products to approved brokers and correspondent lenders, earning fees on funded loans. The company offers programs for bank statement, DSCR, HELOC, and other non-QM products.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

Angel Oak Mortgage Solutions is a wholesale non-QM (non-qualified mortgage) lender that originates and securitizes residential mortgage loans for underserved borrowers who do not fit traditional Agency lending guidelines. The company distributes loan products exclusively through approved mortgage brokers and correspondent lenders via the proprietary AngelOak iQ platform, earning origination fees and revenue from securitization into residential mortgage-backed securities (RMBS).

Product overview

Angel Oak Mortgage Solutions is a wholesale Non-QM (non-qualified mortgage) lender offering a comprehensive platform of mortgage products for underserved borrowers who don't fit traditional lending guidelines. The core offering centers on AngelOak iQ, a broker intelligence platform providing QuickQuote for instant pricing, AI-driven analysis, and closing support. The product portfolio includes specialized loan programs: Bank Statement Loans, DSCR Loans (with industry-first Rental AVM), 1099 Income Loans, P&L Loans, ITIN Loans, Foreign National Loans, Asset Qualifier, Platinum (jumbo), Portfolio Select, and various second lien products (HELOCs, Closed-End Seconds, DSCR Second Liens). Additional offerings include calculators (Blended Rate, DSCR, 2-1 Buydown), ARM options (5/6 and 7/6), and 2-1 buydown programs. The platform integrates with TPO Connect for loan origination and multiple appraisal management companies including Clear Capital (for Rental AVM) and AirDNA (for short-term rental analysis).

Differentiator

Problem solved

Functional benefit

Brands

• AngelOak iQ: Broker's Intelligence Suite - Full-stack broker approval and closing platform providing instant pricing, AI-driven analysis, and seamless loan processing from quote to close.
• Non-QM QuickQuote

Products and services

• AngelOak iQ (Broker's Intelligence Suite) Full-stack broker approval and closing platform providing QuickQuote for instant Non-QM loan pricing, AI-driven borrower analysis, TPO Connect integration, disclosure estimation, and closing support. Designed for mortgage brokers to accelerate pipeline velocity from application to close.
• Non-QM QuickQuote Instant rate pricing engine for Non-QM loan products enabling mortgage brokers to get pre-approved and access loan pricing scenarios in seconds without login or commitment.
• Bank Statement Loans
• Bank Statement HELOC
• 1099 Income Loan
• P&L Loan
• ITIN Mortgage Loan
• DSCR Loan (Investor Cash Flow) Non-QM mortgage for rental property investors qualifying based on property cash flow (debt service coverage ratio) rather than personal income. Up to 85% LTV, includes industry-first Rental AVM for instant income estimates.
• DSCR Closed-End Second Lien
• Foreign National
• Asset Qualifier
• Platinum (Non-QM Jumbo)
• Portfolio Select
• Closed-End Second Mortgage
• Asset Depletion Mortgage

Quantifiable outcome

• 33% year-over-year origination growth in 2025
• +3 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability4 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Clear CapitalcoreTechnology or Integration · 4 November 2025Clear Capital provides rental automated valuation model (AVM) technology that enables Angel Oak's industry-first instant rental income estimation for DSCR loans. This technology integration allows rental income estimates at pre-qualification stage, locked in through loan closing.
• Select Portfolio Servicing (SPS)minorOthersSub-servicer for Angel Oak's loan servicing operations. SPS handles collection of mortgage payments, disbursement of taxes and insurance, and customer service for serviced loans.
• Shellpoint Mortgage ServicingminorOthersSub-servicer for Angel Oak's loan servicing operations. Handles loan servicing functions including payment collection and customer support.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Newfi Wholesale: Non-QM wholesale lender specializing in non-agency products for self-employed borrowers and real estate investors. Direct competitor in the wholesale broker channel with comparable product breadth.
• Plaza Home Mortgage: Wholesale and correspondent mortgage lender with non-QM products including bank statement, DSCR, and HELOC programs. Comparable distribution model and product breadth.
• Caliber Home Loans: Large non-bank mortgage originator with a non-QM division (formerly Caliber Non-Conforming) serving wholesale and retail channels. Comparable product set with similar self-employed and investor focus.
• Athas Capital Group: Non-QM wholesale lender offering DSCR, bank statement, and asset-based qualification programs to brokers. Competes with Angel Oak for non-conforming origination volume.
• Deephaven Mortgage: Direct non-QM wholesale lender offering DSCR, bank statement, and investor loan products to mortgage brokers. Competes head-to-head with Angel Oak in the same broker channel on similar non-QM programs.
• Carrington Mortgage Services: Non-QM wholesale and retail lender with bank statement, DSCR, and portfolio programs. Significant competitor in the non-QM space with established broker relationships.
• Sprout Mortgage: Non-QM wholesale lender focusing on alternative documentation loans including bank statement, DSCR, and asset qualifier programs. Direct competitor in the wholesale broker channel.
• Verus Mortgage Capital: Non-QM RMBS issuer and wholesaler that purchases and securitizes non-conforming loans. Closest competitor in both origination volume and securitization execution, frequently appearing in the same RMBS pools as Angel Oak.

Emerging players

• LendSure Mortgage Corp: Non-QM wholesale lender focused on DSCR and investor loans with technology-forward broker portal. Smaller scale than Angel Oak but comparable product focus on the investor segment.

Others

• Angel Oak Capital Advisors: Sister entity under Angel Oak Companies, focused on RMBS structuring and asset management for non-agency securitizations. Internal peer that demonstrates the parent's broader credit platform capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/angeloakms
• LinkedInlinkedin.com/company/angel-oak-mortgage-solutions
• Instagraminstagram.com/angeloakms
• Xx.com/angeloakms

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Angel Oak Mortgage Solutions