Logan Finance Corporation

What Logan Finance Corporation does

Logan Finance Corporation is a Hauppauge, New York-based non-qualified mortgage (non-QM) lender founded in 1949, operating across wholesale and correspondent channels in the United States. The company originates residential mortgage products for borrowers who do not fit standard agency qualification criteria — including self-employed borrowers, real estate investors, and applicants with non-traditional income documentation — and ranks among the top five non-QM lenders in the country by origination volume. Reported monthly non-QM origination exceeds $200 million, supported by an employee base of 101–250 and a stated broker NPS of 87 with 90% customer satisfaction.

The company's core product suite is anchored by the Open Road series, launched in June 2025 and extended in March 2026 with the Open Road Elevated tier to accommodate loan balances up to $5 million. Distribution is enabled by the proprietary LoganConnect broker portal, which is integrated with secondary-market and point-of-sale platforms including Optimal Blue, LoanNEX, and ARIVE, embedding Logan Finance's products directly into broker workflows. Underwriting operations leverage two named AI-enabled capabilities: Prudent AI for Income Analysis and Velma Process Automation, supporting the specialized non-QM income review process.

Logan Finance generates revenue through origination fees, gain-on-sale economics on loans sold into the secondary market (including non-QM securitization), and net interest margin on loans held in warehouse or portfolio before sale. The company distributes through thousands of independent mortgage brokers via the wholesale channel and through mid-sized lenders via the correspondent channel, with a new Select Delegated correspondent track extending delegated underwriting availability. In 2025 and 2026, the company executed a coordinated expansion across product (Open Road Elevated), channel (Select Delegated), geography (Western region build-out), and senior sales leadership (Luzi, Vaughn, Massotti, Weatherford).

Name

Logan Finance Corporation

Legal name

Logan Finance Corporation

Website

https://loganfinance.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

101–250 employees

Short description

Logan Finance Corporation is a top-five U.S. non-QM mortgage lender founded in 1949, originating $200M+ monthly through wholesale and correspondent channels. It serves independent mortgage brokers and correspondent lenders with specialized products for self-employed, investor, and non-traditional-income borrowers.

Ownership category

akta.pro rank

Product category

Non-QM Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Non-QM & Specialty Wholesale Lending (Bank Statement/DSCR/Alt-Doc) (FSALACAD)

akta.pro secondary industry

Non-QM / Alternative Documentation Mortgage Origination (FSALAAAJ)

Keywords

• Non-QM mortgage lending
• Wholesale lending services
• Correspondent lending
• DSCR loan programs
• Alternative income documentation

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Mortgage Origination Fees: Logan Finance originates non-QM mortgages through wholesale and correspondent channels, earning origination fees on each loan closed. The company offers various loan programs including DSCR, bank statement, full doc, P&L, 1099, asset qualification, condotel, and foreign national loans.
2. Net Interest Margin: As a mortgage lender, Logan earns interest income on loans originated and held or sold to investors, capturing the spread between origination and investor purchase prices.
3. Servicing Rights: The company services loans on behalf of investors (consumer loans serviced by Shellpoint; business purpose loans serviced by RF Mortgage Services Corp.), earning servicing fees.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Logan Finance Corporation originates non-QM residential and business-purpose mortgages through wholesale and correspondent distribution channels targeting mortgage brokers and lender partners. Its core product suite, the Open Road series, includes DSCR, Bank Statement, P&L, 1099, Asset Qualification, Condotel, Full Doc, and Foreign National loan programs, with an Open Road Elevated premium tier offering high-balance loans up to $5 million. The company delivers these products via a proprietary broker portal (LoganConnect), a 24-hour Scenario Desk, and specialized underwriting for self-employed borrowers, real estate investors, high-net-worth individuals, and foreign nationals.

Product overview

Logan Finance Corporation is a top-five non-QM mortgage lender with over 70 years of experience providing innovative home financing solutions. The company operates through two primary channels: Wholesale Lending (Logan Wholesale) and Correspondent Lending (Logan Correspondent). The core product offering is the Open Road product series - seven specialized non-QM mortgage solutions for brokers serving borrowers outside conventional lending guidelines, including Bank Statement (Overland), P&L (Reach), 1099, Asset Qualification (Beyond), DSCR (Autobahn), DSCR No-Ratio (Accelerate), Full Doc (Roam), and Condotel (Horizon) programs. The premium tier, Open Road Elevated, extends high-balance options up to $5 million across four programs (Roam, Overland, Beyond, Autobahn). The company also offers Foreign National loans and 5-8 Unit financing. Technology offerings include the proprietary LoganConnect broker portal with QuickPricer, LFClift pricing engine, LoganLink CRM, and a Scenario Desk for income analysis. Services include Correspondent channel options (Non-Delegated, Enhanced Non-Delegated, Select Delegated), Condo Review Desk, and white-label marketing materials.

Differentiator

Problem solved

Functional benefit

Brands

• Open Road: Product series featuring seven specialized Non-QM mortgage solutions: Asset Qualification (Beyond), Bank Statement (Overland), Condotel (Horizon), DSCR (Autobahn), DSCR No-Ratio (Accelerate), Full Doc (Roam), and P&L (Reach).
• Open Road Elevated
• Logan Wholesale
• Logan Correspondent
• LoganConnect

Products and services

• Open Road Series Core product series of seven specialized non-QM mortgage solutions for self-employed borrowers, real estate investors, and others who fall outside conventional lending guidelines. Programs include Bank Statement (Overland), P&L (Reach), 1099, Asset Qualification (Beyond), DSCR (Autobahn), DSCR No-Ratio (Accelerate), Full Doc (Roam), and Condotel (Horizon). Loan amounts up to $3.5M with minimum 660 FICO.
• Open Road Elevated Premium high-balance tier within the Open Road product series targeting high-net-worth borrowers seeking loan amounts up to $5 million. Includes four programs: Full Doc (Roam), Bank Statement (Overland), Asset Qualification (Beyond), and DSCR (Autobahn). Available through the wholesale channel.
• Bank Statement (Overland) Loan Program Bank statement loan program using 12- or 24-months of business, personal, or combined bank statements to calculate income based on actual deposits. Designed for self-employed borrowers whose tax returns understate true cash flow. Standard tier up to $3.5M, 660 minimum FICO, 90% LTV; Elevated tier up to $5M.
• P&L (Reach) Loan Program Profit and loss loan program using CPA- or EA-prepared P&L statements to demonstrate income for self-employed borrowers and business owners. Loan amounts up to $3M, 660 minimum FICO, up to 80% LTV.
• 1099 Loan Program Loan program for independent contractors and gig workers using 1099 forms plus bank statements. Loan amounts up to $3.5M, 660 minimum FICO, up to 85% LTV.
• Asset Qualification (Beyond) Loan Program Asset qualification program qualifying borrowers based on verified liquid assets rather than monthly income. Uses a 120-month asset depletion rate to convert liquid assets into qualifying income. Loan amounts up to $3M (Open Road) or up to $5M (Open Road Elevated). Ideal for retirees, investors, and high-net-worth individuals.
• DSCR (Autobahn) Loan Program DSCR (Debt Service Coverage Ratio) program qualifying investment properties based on rental cash flow rather than personal income. Standard tier up to $2M with minimum 1.00 DSCR; Elevated tier up to $4.5M with minimum 1.25 DSCR, flexible 1-5 year prepayment options, and no cap on cash in hand.
• DSCR No-Ratio (Accelerate) Loan Program No-ratio DSCR option that removes DSCR calculation entirely, designed for properties in high-appreciation markets. Loan amounts up to $2M, LTV up to 70%.
• Condotel (Horizon) Loan Program Condotel and resort property financing program for condo-hotels and resort properties. Up to 75% LTV.
• Foreign National Loan Program Non-QM loan program for non-U.S. citizens purchasing second homes, vacation properties, and investment real estate. Second Home (Full Doc) up to $3M at 75% LTV; Business Purpose (DSCR) up to $2M at 75% LTV. No U.S. credit score required.
• 5-8 Unit Loan Program Small multifamily financing for 5-8 unit properties. Loan amounts up to $2.5M, LTV up to 75% for purchase and rate-term refinances. Credit scores start at 660.
• Wholesale Lending (Logan Wholesale) Wholesale lending channel serving mortgage brokers with non-QM products. Provides LoganConnect portal, QuickPricer, scenario desk, and white-label marketing materials. Offers the Open Road product series and Open Road Elevated tier to brokers across the United States.
• Correspondent Lending (Logan Correspondent) Correspondent lending channel with Non-Delegated, Enhanced Non-Delegated, and Select Delegated partnership tiers. Offers technology integrations with LoanNEX, Optimal Blue, and LoganConnect. Designed to empower partner lenders to grow their client base.
• LoganConnect Proprietary broker portal providing loan submission experience, scenario analysis, conditions management, document tracking, and real-time loan status visibility. Includes QuickPricer for loan pricing evaluation without full submission. Used by wholesale and correspondent partners.
• LoganLink CRM tool built specifically for Third-Party Originator (TPO) users, providing market data, prospecting tools, and targeted email marketing capabilities to support broker partner business development.
• Scenario Desk Dedicated scenario analysis service handling income calculations within 24 hours. Helps brokers structure deals before commitment and provides front-end guidance on product fit.
• Condo Review Desk Dedicated review desk for warrantable and non-warrantable condo scenarios, supporting brokers and correspondents with complex condo financing.

Quantifiable outcome

• 87 Broker NPS Score
• +3 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability3 records

Feature7 records

Partnerships

Two partnerships are on record, tiered minor.

• ShellpointminorOthersConsumer purpose loans are serviced by Shellpoint. Servicing address: P.O. Box 10826, Greenville, SC 29603-0826, 800-365-7107.
• RF Mortgage Services Corp.minorOthersBusiness purpose loans are serviced by RF Mortgage Services Corp. Located at 550 W. Adams St., Suite 950, Chicago, IL 60661, 888-357-3672.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Deephaven Mortgage: Non-QM lender focused on bank statement, DSCR, asset qualification, and foreign national products for the broker channel. Strong overlap with Logan's Open Road series in target borrower and distribution.
• Angel Oak Mortgage Solutions: Non-QM wholesale and correspondent lender offering bank statement, DSCR, asset qualification, and foreign national products to brokers. Closest direct peer in product breadth and TPO channel focus.
• Sprout Mortgage: Non-QM wholesale lender specializing in alternative documentation, ITIN, and investor loans targeting self-employed and non-traditional borrowers. Direct product overlap with Logan's bank statement and asset qualification programs.
• LendSure Mortgage Corp. Non-QM wholesale lender specializing in alternative documentation and investor loans distributed through brokers. Logan's Western MD (Luzi) was most recently LendSure's West division sales manager — strong executive-talent and product overlap with Logan.
• Athas Capital Group: Wholesale non-QM lender offering DSCR, bank statement, foreign national, and asset qualification products to brokers. Closely mirrors Logan's Open Road product mix and broker-led distribution model.
• Verus Mortgage Capital: Non-QM correspondent and wholesale investor (now part of JPMorgan Chase) purchasing non-QM loans from originators. Competes for correspondent takeout and operates wholesale origination adjacent to Logan.
• A&D Mortgage: Non-QM wholesale lender providing bank statement, DSCR, and foreign national loans to brokers. Competes in the same broker channel and overlapping non-conforming product space as Logan.
• Carrington Wholesale: Wholesale non-QM lender offering bank statement, DSCR, and investor loan programs to mortgage brokers. Direct competitor for broker loan submissions; Logan's SVP of TPO East/Central (Massotti) joined from Carrington Wholesale, underscoring direct overlap.
• NewRez (formerly New Penn Financial): Wholesale and correspondent lender with a dedicated non-QM division (NewRez Non-QM / Newrez Wholesale) covering bank statement, DSCR, and investor loans. Competes head-to-head for broker non-QM volume.

Broad incumbents

• Caliber Home Loans: Large non-bank mortgage originator offering conforming, government, and a non-QM / bank statement suite through wholesale and correspondent channels. Broader portfolio than Logan but directly competes for broker non-QM submissions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/logan-finance-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

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 Logan Finance Corporation