JMAC Lending

What JMAC Lending does

JMAC Lending, Inc. is a privately held wholesale and correspondent mortgage lender founded in 1997 and headquartered in Costa Mesa, California. The firm operates exclusively through Third Party Originator (TPO) channels, providing funding, underwriting, and loan products to independent mortgage brokers and correspondent lenders rather than lending directly to consumers. JMAC holds approved Seller/Servicer status with Fannie Mae, Freddie Mac, and Ginnie Mae, and is licensed to operate in 40+ U.S. states.

JMAC's product portfolio spans the full agency and non-agency spectrum: conforming and high-balance Fannie Mae/Freddie Mac products (HomeReady, Home Possible, HomeOne, RefiNow), government-insured FHA/VA/USDA loans, and a broad non-QM specialty suite led by DSCR products (DSCR PRIME, Venice DSCR), Zuma, Balboa, Newport, Carmel, and Limited Docs, plus jumbo/high-balance options (Jumbo Plus+, Malibu Plus, Manhattan Plus, Monterey, Newport Jumbo ARMs) and Closed-End Second Mortgages. The firm runs the JMAC Connect Portal for partner loan submission and status tracking, integrated with industry-standard LOS and pricing engines, and outsources loan servicing to LoanCare.

JMAC earns revenue through transaction-based net gain on sale of originated and correspondent-purchased loans to GSE and secondary-market investors, supplemented by servicing fees on retained servicing. Distribution is driven by named Account Executives managing broker relationships, supplemented by participation in industry conferences (NAMB, FAMP, CAMP, California Mortgage Expo), webinars, daily rate-sheet distribution, and educational content. Christina Pham is Founder, President, and CEO; the firm employs 101-250 people and is privately held with no disclosed institutional funding.

Name

JMAC Lending

Legal name

JMAC Lending, Inc.

Website

https://jmaclending.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

JMAC Lending is a privately held wholesale and correspondent mortgage lender founded in 1997, serving independent mortgage brokers and correspondent lenders across 40+ U.S. states with a full suite of agency, government, Non-QM, DSCR, and jumbo loan products.

Ownership category

akta.pro rank

Product category

Wholesale Mortgage Lending

NAICS

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

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Wholesale Mortgage Lending (Broker Channel) (FSALACAA)

akta.pro secondary industries

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

Keywords

• Wholesale mortgage lending
• Correspondent lending services
• Non-QM mortgage products
• DSCR investment loans
• Jumbo loan programs

Headquarters

HQ city

Costa Mesa

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. Wholesale Lending: JMAC funds loans for mortgage brokers who submit applications on behalf of borrowers. The broker acts as the loan originator while JMAC underwrites, funds, and sells the loan to investors, earning the spread between origination and sale.
2. Correspondent Lending: Correspondent lenders fund loans under their own NMLS# with their warehouse line, then sell closed loans to JMAC. JMAC earns fees for underwriting review and loan purchase, and may retain servicing or sell with servicing released.
3. Loan Servicing: JMAC services loans for borrowers, collecting monthly payments and managing escrow accounts. Revenue comes from servicing fees paid by investors who purchase the loans.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

JMAC Lending is a wholesale and correspondent mortgage lender that underwrites, funds, and sells residential mortgage loans originated by independent mortgage brokers (TPO partners) and correspondent lenders. It offers a full product suite including Conforming, FHA, VA, USDA, Jumbo/High-Balance, and Non-QM programs (including DSCR investment property loans), distributed exclusively through two B2B channels rather than direct-to-consumer.

Product overview

JMAC Lending is a wholesale and correspondent mortgage lender operating since 1997 (over 28 years in business), offering a comprehensive suite of loan products through two distribution channels: Wholesale (for third-party originators/brokers) and Correspondent (for lenders funding with their own warehouse lines). The product portfolio includes: (1) Government/Conforming products — Fannie Mae and Freddie Mac conforming and high-balance loans, the HomeReady, Home Possible, HomeOne, and RefiNow programs; (2) Government insured products — FHA purchase/cash-out/Streamline refinance and VA purchase/cash-out/IRRRL; (3) Non-QM specialty products — DSCR PRIME, Venice DSCR, Zuma, Limited Docs, Balboa, Newport Non-Conforming, and Carmel Non-Conforming; (4) Jumbo/High-Balance products — Jumbo Plus+, Malibu Plus, Manhattan Plus, Monterey, and Newport Jumbo ARMs; (5) Secondary financing — Closed-End Second mortgages up to $500K. All products are supported through the JMAC Connect Portal and the company holds Fannie Mae, Freddie Mac, and Ginnie Mae seller/servicer approvals.

Differentiator

Problem solved

Functional benefit

Products and services

• Fannie Mae Conforming / High-Balance Loans

Quantifiable outcome

• Loan decisions in 1 business day
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• LoanCarecoreImplementation/ SI/ Consulting Partner · 1 January 2012LoanCare is a subservicer for JMAC Lending, handling loan servicing operations. JMAC has partnered with LoanCare since 2012 to ensure borrowers receive high-level customer service. LoanCare has a seasoned loan servicing team with senior managers averaging more than 25 years of experience in the mortgage and financial services industry, focused on customer satisfaction and loyalty.
• Fannie MaecoreChannel Partner/ Reseller/ DistributorJMAC Lending is an approved Fannie Mae Seller/Servicer, enabling the company to sell conforming loans to Fannie Mae and service loans on their behalf. This partnership allows JMAC to offer conventional loan products and access the secondary mortgage market.
• Freddie MaccoreChannel Partner/ Reseller/ DistributorJMAC Lending is an approved Freddie Mac (FHLMC) Seller/Servicer, enabling the company to sell conforming loans to Freddie Mac and service loans on their behalf. This partnership provides access to the secondary mortgage market for conventional loan products.
• Ginnie MaecoreChannel Partner/ Reseller/ DistributorJMAC Lending is an approved Ginnie Mae Seller/Servicer, enabling the company to participate in government loan programs including FHA and VA loans. This partnership allows JMAC to pool government loans for sale to investors through Ginnie Mae securities.
• State Licensing AuthoritiescoreOthersJMAC Lending holds licenses in over 40 states and the District of Columbia, regulated by state banking departments, financial institutions departments, and consumer finance protection agencies. State licensing enables JMAC to originate loans in each respective jurisdiction.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Plaza Home Mortgage: National wholesale and correspondent mortgage lender with strong non-QM and DSCR product offerings (CalPrime, CalHFA, Plaza Non-QM). Closely comparable to JMAC in channel mix and non-QM specialization, with overlapping broker relationships.
• Caliber Home Loans: Large nonbank mortgage originator with a meaningful wholesale/correspondent channel alongside retail. Comparable to JMAC in multi-channel structure and product breadth, with greater scale and recapture capabilities.
• United Wholesale Mortgage (UWM): Largest U.S. wholesale mortgage lender, operating exclusively through the broker channel with a comprehensive product suite including agency, jumbo, and non-QM. Direct competitor to JMAC in the wholesale broker space, with materially greater scale and broker market share.
• Homepoint: National wholesale and correspondent mortgage lender offering agency and non-QM products through broker and correspondent channels. Closely comparable to JMAC in channel mix (wholesale + correspondent), product breadth, and mid-tier positioning.
• Paramount Residential Mortgage Group: National retail and wholesale mortgage lender offering a wide product menu including conventional, government, and non-QM. Comparable mid-tier wholesale peer with similar broker-focused service model and broad product suite.
• NewRez (formerly New Penn Financial): National mortgage lender operating wholesale, correspondent, and direct-to-consumer channels with a broad product suite including non-QM. Comparable to JMAC in channel mix, scale tier, and emphasis on broker technology integration.
• Rocket Pro TPO: Rocket Mortgage's wholesale broker division, one of the largest TPO operations in the U.S. Competes head-to-head with JMAC on broker pricing, technology (Rocket Logic), product breadth, and turn times, backed by Rocket's capital and brand.
• loanDepot Wholesale: Wholesale lending arm of loanDepot, providing agency, jumbo, and specialty products to mortgage brokers. Direct competitor to JMAC in the broker channel with overlapping geographic footprint and product offerings.

Emerging players

• Angel Oak Mortgage Solutions: Non-QM-focused mortgage company (wholesale, correspondent, and retail) with significant expertise in non-agency products including bank statement, DSCR, and asset-based loans. Comparable to JMAC's non-QM product specialization and broker/wholesale positioning.
• Deephaven Mortgage: Non-QM and DSCR-focused mortgage lender operating through wholesale and correspondent channels. Comparable to JMAC in non-QM specialization, particularly DSCR investor lending, though with a narrower product scope outside of non-QM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/jmaclending
• Facebookfacebook.com/jmac-lending-133628433352763
• LinkedInlinkedin.com/company/jmac-wholesale-lending

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 JMAC Lending