Acra Lending
Acra Lending is a US Non-QM mortgage lender offering 15+ alternative-income programs (bank statement, DSCR, foreign national, ITIN, jumbo prime, fix-and-flip) to self-employed, investor, and non-traditional borrowers, distributed through 18,000+ broker partners across 40+ states under HPS Investment Partners ownership.
- Company typePrivate
- Founded2003
- HeadquartersLake Forest, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Acra Lending does
Acra Lending (legal entity Citadel Servicing Corporation) is a US-based non-qualified mortgage (Non-QM) lender founded in 2003 and headquartered in Irvine, California, with operations across 40+ licensed states and approximately 260 employees. The company originates residential mortgage products for borrowers who do not qualify under agency QM guidelines — including self-employed individuals, real estate investors, foreign nationals, ITIN borrowers, and those with complex income — through a 15+ program suite covering bank statement (3- and 12-month), DSCR/Investor Cash Flow, ATR-In-Full, Foreign National, ITIN, Interest Only, Jumbo Non-QM, Condotel, WVOE, P&L, Business Purpose, 1099 Only, and Fix'n'Flip loans. Distribution runs through three channels: wholesale (18,000+ approved broker partners via the Glide Broker Portal and Quick Pricer), retail/consumer direct, and correspondent lending.
The company's core technology stack consists of the Glide Broker Portal (powered by alglide.com) for loan submission and tracking, the Quick Pricer pricing engine, and an integration with Lender Price for mortgage pricing; on the servicing side, Citadel Servicing Corporation handles portfolio servicing. The business generates revenue through three streams: mortgage origination fees (transaction-based, on loans ranging from $100K to over $4M), RMBS securitization economics (including transactions such as the ACRA 2026-NQM1 issuance at $398M+), and recurring loan servicing fees. Capital structure is anchored by HPS Investment Partners as parent owner following a February 2020 acquisition, with financing partnerships with Morgan Stanley, Credit Suisse, Goldman Sachs, and Barclays supporting the Jumbo Prime program launched in 2021. Acra holds dual Morningstar and Fitch ratings as originator and servicer (2016/2017), with Morningstar DBRS changing trend outlook to Positive in May 2024. Leadership transitioned in 2025 under new CEO Shawn Stone (August) and Managing Director of National Operations Suzy Lindblom (December), with Keith Lind continuing as Executive Chairman and President.
Acra Lending firmographics
Firmographics- Name
- Acra Lending
- Legal name
- Citadel Servicing Corporation
- Website
- https://acralending.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Acra Lending is a US Non-QM mortgage lender offering 15+ alternative-income programs (bank statement, DSCR, foreign national, ITIN, jumbo prime, fix-and-flip) to self-employed, investor, and non-traditional borrowers, distributed through 18,000+ broker partners across 40+ states under HPS Investment Partners ownership.
- Ownership category
- akta.pro rank
Acra Lending industry classification
Industry- Product category
- Non-QM Mortgage Lending
- NAICS
- Nondepository Credit Intermediation (5222), Consumer Lending (522291)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Balance-Sheet / Portfolio CRE Lending (FSALADAG)
- akta.pro secondary industry
- Real Estate Private Credit (CRE Debt) (FSANADAG)
Keywords
Where Acra Lending is headquartered
LocationHeadquarters
- HQ city
- Lake Forest
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Acra Lending business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Mortgage Origination Fees: Fees charged to brokers and borrowers for originating non-QM mortgage loans across wholesale, retail, and correspondent channels.
- Loan Securitization: Acra issues and sells RMBS (Residential Mortgage-Backed Securities) including non-QM securitizations to institutional investors, generating upfront capital.
- Loan Servicing: Servicing of originated loans through Citadel Servicing Corporation generates ongoing servicing fee income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Non-QM programs for various borrower profiles including self-employed, investors, and foreign nationals |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Acra Lending product offering
Product offeringCore offering
Acra Lending is a non-QM (non-qualified mortgage) lender that originates residential mortgage loans for borrowers who do not qualify under traditional agency guidelines. The company provides a comprehensive suite of programs including bank statement, DSCR/investor cash flow, foreign national, ITIN, ATR-in-full, jumbo non-QM, and fix-and-flip loan products, distributed through wholesale, correspondent, and consumer direct channels, with loans serviced in-house via Citadel Servicing Corporation.
Product overview
Acra Lending operates as the leading Non-QM (non-qualified mortgage) lender, offering a comprehensive suite of mortgage products for borrowers who may not meet traditional underwriting guidelines. The company provides a platform of specialized loan programs including bank statement verification products (3-Month and 12-Month), ATR-In-Full for asset-based qualification, DSCR/Investor Cash Flow programs for real estate investors, jumbo non-QM products for high-value properties, and niche programs for unique borrower situations. The product suite is distributed through wholesale, retail, and correspondent lending channels, with the company notably being the first Non-QM lender in the industry and the only vertically integrated company in this space, controlling both origination and servicing through its sister company Citadel Servicing Corporation.
Differentiator
Problem solved
Functional benefit
Products and services
- 3-Month Bank Statement Program Non-QM mortgage program allowing self-employed borrowers to qualify using their most recent 3 months of bank statements for purchase or refinance.
- 12-Month Bank Statement Program Non-QM program allowing borrowers to verify income using 12 months of bank statements, designed for self-employed individuals who cannot provide traditional W-2 income documentation.
- 1099 Only Program Non-QM program for borrowers who receive 1099 income, such as independent contractors and freelancers, that may not meet traditional underwriting standards.
- ATR-In-Full Program Ability-to-repay program for borrowers with sufficient liquid assets to pay off their home loan, demonstrating ability to repay without traditional income documentation.
- Business Purpose Loans Loans for business-purpose property transactions including investment properties and commercial real estate.
- Condotel Loans Financing for condotel properties that may not qualify for conventional loans due to unique characteristics.
- Foreign National Loans Mortgage programs for non-resident aliens and foreign nationals purchasing U.S. property.
- Interest Only Loans Program allowing qualified applicants to pay only interest on their loan for a defined period, freeing up cash flow for other purposes.
- Investor Cash Flow / DSCR Loans Debt Service Coverage Ratio program evaluating rental income versus property expenses to determine loan eligibility for real estate investors.
- ITIN Loans Program for borrowers using an Individual Taxpayer Identification Number rather than a Social Security Number.
- Jumbo Non-QM Loans Jumbo prime loan program for loan amounts exceeding conventional limits, targeting borrowers with higher credit profiles and average loan balances over $1 million.
- Non-QM Niche Loans Specialized non-qualified mortgage programs for unique borrower situations not covered by standard products.
- P&L Programs Profit and Loss statement-based loan programs for self-employed borrowers who can document business profitability.
- WVOE Loans Written Verification of Employment program for qualifying borrowers based on employer verification.
- Fix'n'Flip Loans Transitional loan product covering purchase and renovation costs for investors/developers, lasting approximately 9 months to 1 year with the goal of resale.
- Loan Servicing Servicing of originated loans through Citadel Servicing Corporation, generating ongoing servicing fee income. Acra Lending is the only vertically integrated non-QM lender offering both origination and servicing.
Quantifiable outcome
- Close loans in 30 days vs. 3-4 months for agency lenders
- +1 more outcomes
Companies that use Acra Lending
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Acra Lending technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature2 records
Acra Lending partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights6 records
Acra Lending competitors and assessment
Company assessmentDirect peers
- A&D Mortgage: A&D Mortgage is a wholesale non-QM lender offering bank statement, DSCR, ITIN, and foreign national programs, directly comparable to Acra's product suite and broker distribution model.
- LendSure Mortgage Corp: LendSure Mortgage Corp is a wholesale-focused non-QM lender with bank statement, DSCR, and alternative income programs, directly competing with Acra for broker partner relationships.
- Plaza Home Mortgage: Plaza Home Mortgage is a wholesale and correspondent non-QM lender offering bank statement, DSCR, and jumbo non-QM programs, competing with Acra for broker and correspondent origination volume.
- Verus Mortgage Capital: Verus Mortgage Capital is a non-QM lender and RMBS securitizer that competes directly with Acra in non-conforming loan origination and securitization, sharing similar distribution channels and securitization programs.
- Athas Capital Group: Athas Capital Group is a non-QM lender providing bank statement, DSCR, foreign national, and fix-and-flip programs, sharing overlap with Acra's non-QM wholesale origination business.
- Carrington Mortgage Services: Carrington Mortgage Services offers a broad non-QM suite including bank statement, DSCR, foreign national, and investor programs, directly competing with Acra for wholesale broker business in the non-conforming mortgage space.
- Angel Oak Mortgage Solutions: Angel Oak Mortgage Solutions is a direct non-QM lender offering bank statement, DSCR, and alternative documentation programs through wholesale and retail channels — competing head-to-head with Acra in the same non-QM product categories and broker network.
- Sprout Mortgage: Sprout Mortgage is a non-QM lender specializing in alternative income documentation, ITIN, and investor loans, overlapping significantly with Acra's core non-QM product offerings in the wholesale channel.
- Deephaven Mortgage: Deephaven Mortgage is a non-QM lender focusing on DSCR, bank statement, and investor loans, competing directly with Acra in non-conforming origination and securitization markets.
Broad incumbents
- NewRez (formerly New Penn Financial): NewRez is a large non-QM and QM mortgage lender operating wholesale, retail, and correspondent channels; its non-QM division (formerly Shellpoint) competes with Acra while its broader agency offerings represent a larger incumbent footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Acra Lending social profiles
Digital presenceAcra Lending compliance and trust
Trust signalCompliance4 records
Acra Lending financial estimates
Financial estimateRevenue estimate
Valuation estimate
Acra Lending leadership team
Management profileNumber of profiles
Profiles6 records
Acra Lending funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Acra Lending M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Acra Lending
What does Acra Lending do?
Acra Lending is a non-QM (non-qualified mortgage) lender that originates residential mortgage loans for borrowers who do not qualify under traditional agency guidelines. The company provides a comprehensive suite of programs including bank statement, DSCR/investor cash flow, foreign national, ITIN, ATR-in-full, jumbo non-QM, and fix-and-flip loan products, distributed through wholesale, correspondent, and consumer direct channels, with loans serviced in-house via Citadel Servicing Corporation.
Is Acra Lending a public or private company?
Acra Lending is a private company. It is classified as private equity controlled and is currently operating.
When was Acra Lending founded?
Acra Lending was founded in 2003. It employs 251 to 500 people.
Where is Acra Lending based?
Acra Lending is headquartered in Lake Forest, United States, in the North America region.
How does Acra Lending make money?
Three revenue lines are on record. Mortgage Origination Fees are the primary driver. The others are loan Securitization and loan Servicing.
Who are Acra Lending's main competitors?
Direct peers on record are A&D Mortgage, LendSure Mortgage Corp, Plaza Home Mortgage, Verus Mortgage Capital, Athas Capital Group, Carrington Mortgage Services, Angel Oak Mortgage Solutions, Sprout Mortgage and Deephaven Mortgage. NewRez (formerly New Penn Financial) is listed as a broad incumbent.
Does Acra Lending have an API?
No public API is recorded for Acra Lending.
What industry is Acra Lending in?
Acra Lending's product category is Non-QM Mortgage Lending. Its primary akta.pro industry code is FSALADAG, Balance-Sheet / Portfolio CRE Lending, with a secondary code of FSANADAG, Real Estate Private Credit (CRE Debt). Its NAICS code is 5222 and its SIC code is 6162.