What LoanStream Wholesale does

LoanStream Wholesale (OCMBC, Inc.) is a privately held US mortgage banker headquartered in Irvine, California, founded in 2001 and operating in the wholesale and correspondent origination channels. The company is the legal entity behind the LoanStream Mortgage brand and serves two primary B2B customer segments: (1) thousands of approved third-party mortgage brokers (TPOs) who submit loans through the proprietary "Lounge" portal for underwriting and decisioning, and (2) correspondent lenders using delegated and non-delegated executions. LoanStream originates loans across three core product pillars: Non-QM programs (a proprietary suite including Bank Statement, DSCR Investor, Asset Utilization, ITIN, Closed-End 2nds, and Buydowns branded as "NanQ"), Conventional agency products via Fannie Mae and Freddie Mac, and Government channel loans (FHA, VA, USDA) securitized through Ginnie Mae, for an aggregate portfolio of 70+ loan products.

The business is anchored by a proprietary technology stack: The Lounge TPO portal handles broker upload/registration/pricing/lock/disclosure; the EZ Suite (EZCalc, EZ Structure, UPGRADEONE) supports income calculation and loan structuring; and QualOne AUS is a proprietary automated underwriting system purpose-built for Non-QM decisioning. Revenue is generated primarily through gain-on-sale economics — wholesale loan origination fees when brokers' loans are sold to the secondary market — supplemented by interest income during the warehouse period and correspondent channel execution fees. LoanStream operates additional wholly-owned subsidiaries: LoanStream Commercial (commercial lending for non-NMLS brokers), LoanStream Correspondent (NanQ executions for bankers), and LSHomeLoans.com (retail consumer direct). The company holds NMLS ID #2125, FHA ID #2099600001, and VA ID #1699170000, and has been ranked the #1 Non-QM Wholesale Lender and #3 Top Wholesale Lender by Scotsman Guide for 2026.

Leadership is founder-led under Chairman and CEO Rabi Aziz, with Serene Vernon serving as President. The company employs 101-250 staff, maintains active broker training and webinar programs, and distributes through The Lounge portal, social media (LinkedIn, Facebook, Instagram, TikTok, YouTube), trade events, and earned media in National Mortgage Professional, Debtwire, and Inside Mortgage Finance. The firm has been recognized as a Top Workplace (Orange County Register 2022-2025) and USA Today Top Workplace 2025. Customer logo disclosures are anonymized ("thousands of approved brokers"), with named partner relationships to securitization sponsor Angelo Gordon and servicing partner Shellpoint, plus core GSE/Ginnie Mae issuer relationships.

Name

LoanStream Wholesale

Legal name

OCMBC, Inc.

Website

https://loanstreamwholesale.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

LoanStream Wholesale is a privately held US mortgage banker that originates Non-QM, Conventional, and Government loans through a proprietary TPO portal and correspondent channel, serving thousands of approved mortgage brokers and institutional bankers nationwide.

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), Correspondent Mortgage Lending (Delegated & Non-Delegated) (FSALACAB), Government Wholesale Lending (FHA/VA/USDA) (FSALACAE), Mortgage Loan Sales & Aggregation (Correspondent/Conduit Aggregators) (FSALAFAD)

Keywords

• Wholesale mortgage lending
• Non-QM loans
• TPO broker platform
• Correspondent lending
• Mortgage underwriting services

Headquarters

HQ city

Irvine

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, Infrastructure

Revenue model

1. Wholesale Loan Origination Fees: Generates revenue through wholesale lending fees when mortgage brokers originate loans through the platform. Loans are underwritten in-house and sold to secondary market.
2. Interest Income: Earns interest income on loans held in portfolio or during warehouse period before sale to investors.
3. Correspondent Lending: Correspondent channel provides bulk, flow, mandatory and best-effort lock options for bankers with delegated and non-delegated offerings.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

LoanStream Wholesale is a mortgage banker that underwrites and funds home loans originated through approved third-party mortgage brokers (wholesale TPO) and correspondent lenders. It delivers over 70 loan products spanning Non-QM (bank statement, DSCR, ITIN, asset utilization, 1099, closed-end seconds, buydowns), Conventional (FNMA/FHLMC), Government (FHA, VA, USDA), Jumbo, DPA, HELOC, and Business Purpose programs. Brokers submit, price, lock, and disclose loans online through The Lounge TPO portal supported by the QualOne AUS automated underwriting system.

Product overview

LoanStream Wholesale is a diversified mortgage lender offering wholesale lending programs through mortgage brokers and correspondents. The company operates as 'The ONE Lender' providing a unified platform for Conventional, Government (FHA, VA, USDA), and Non-QM loan programs. The product portfolio includes over 70 different home loan products organized around three core categories: Non-QM Programs (proprietary products including Bank Statement, DSCR, ITIN, Closed-End Seconds, and Buy-Downs), Conventional Programs (Fannie Mae/Freddie Mac products including HomeReady, Home Possible, ARMS), and Government Programs (FHA, VA, USDA). Specialized offerings include JumboONE for jumbo loans, MaxONE for 100% CLTV down payment assistance, and HELOC ONE for home equity lines. The company provides technology tools including The Lounge TPO portal for broker submissions, QualOne AUS for automated underwriting, and the EZ Suite (EZCALC, EZ STRUCTURE, UPGRADEONE) for income calculation and loan structuring. Programs are available through Wholesale and Correspondent channels across licensed US states.

Differentiator

Problem solved

Functional benefit

Brands

• Non-QM (NanQ): Proprietary non-qualified mortgage loan programs including Bank Statement, DSCR Investor, Core Flex, Asset Utilization, 1099, Full Doc, ITIN, Closed End Seconds, and Buydowns.
• MaxONE
• JumboONE
• HELOC ONE
• The Lounge
• EZ Suite

Products and services

• Non-QM Programs Proprietary wholesale Non-QM loan programs (NanQ) for brokers serving borrowers who do not qualify for agency financing, including bank statement, DSCR investor, asset utilization, ITIN, 1099, core flex, closed-end seconds and buydown variants.
• Conventional Loans (Fannie Mae / Freddie Mac) Wholesale conventional conforming loan programs delivered through Fannie Mae and Freddie Mac, including HomeReady, Home Possible, ARMS, Alt Agency, and REFINOW refinance for prime borrowers.
• Government Programs (FHA, VA, USDA) Wholesale FHA, VA, and USDA loan programs for brokers, covering purchase, refinance, streamline/IRRRL, and cash-out with flexible credit and high-LTV guidelines.
• JumboONE Prime jumbo loan program for brokers serving borrowers needing loan amounts above conventional conforming limits.
• MaxONE DPA 100% CLTV Down Payment Assistance program with no income limits, enabling brokers to finance the full down payment for qualified borrowers.
• HELOC ONE Home Equity Line of Credit program offered through brokers to deliver HELOC financing for existing homeowners.
• Closed End Seconds Closed-end second mortgage programs including Non-QM closed-end seconds, with concurrent options and dedicated calculator tools for brokers.
• Buydown Loans Temporary rate buydown programs including 1-0 and 2-1 buydown options, supported by a buydown calculator for brokers.
• CALHFA DPA Programs California Housing Finance Agency down payment assistance offerings including CALHFA MyHome, Dream for All, and CALREADY/CALPLUS ACCESS for California-based borrowers.
• Business Purpose Lending Loans for business purpose real estate transactions originated through commercial brokers.
• The Lounge (TPO Portal) Proprietary broker portal where approved third-party originators upload, register, price/lock, submit and disclose loans across Non-QM, Conventional, and Government programs.
• QualOne AUS Proprietary automated underwriting system for Non-QM loans that enables brokers and correspondents to decision loans similar to agency loans, with all loans underwritten and decided in-house.
• EZ Suite (EZCALC, EZ Structure, UPGRADEONE) Suite of broker tools including EZCALC for easy income calculation, EZ Structure for pricing and structuring loans, and UPGRADEONE for Non-QM refinance scenarios.
• Correspondent Lending Channel Correspondent lending channel for bankers offering delegated, non-delegated, bulk, flow, mandatory, and best-effort lock options on NanQ (Non-QM) products.

Quantifiable outcome

• Close loans faster through streamlined TPO portal submission process
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Shellpoint Mortgage ServicingminorOthersServicing provider for loans included in Angelo Gordon MBS deal.
• Fannie Mae (FNMA)coreStrategic or Co-development PartnerOffers Conventional loans through Fannie Mae programs including HomeReady and Refinow. Part of core conventional lending products.
• Freddie Mac (FHLMC)coreStrategic or Co-development PartnerOffers Conventional loans through Freddie Mac programs including Home Possible and ALT AGENCY. Part of core conventional lending products.
• Ginnie Mae (GNMA)coreStrategic or Co-development PartnerGovernment loans (FHA, VA, USDA) packaged and guaranteed through Ginnie Mae. Core government lending channel.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Homepoint: Wholesale and correspondent mortgage lender offering a wide product menu including non-QM, conventional, and government products distributed through the broker channel. Closely comparable distribution model and product breadth to LoanStream.
• Deephaven Mortgage: Non-QM wholesale and correspondent lender focused on investor and self-employed borrowers, with strong DSCR and bank statement products. Closely overlaps LoanStream's NanQ product set and TPO broker distribution model.
• Carrington Mortgage Services: Non-QM and government-focused wholesale and correspondent lender with a long-standing non-prime program (Carrington Non-QM) and FHA/VA/USDA exposure. Direct comparable in non-conforming product depth and broker distribution.
• Angel Oak Mortgage Solutions: A leading Non-QM wholesale and correspondent lender offering bank statement, DSCR, and alternative documentation programs. Directly comparable to LoanStream in product mix, broker-channel distribution, and securitization execution.
• Verus Mortgage Capital: Non-QM mortgage platform combining a wholesale origination business (Verus Mortgage) with a major Non-QM MBS issuer. Direct overlap with LoanStream in Non-QM products and in selling whole loans into the securitization market.
• Plaza Home Mortgage: Wholesale and correspondent lender with a deep Non-QM, jumbo, and government product suite distributed to mortgage brokers. Highly comparable GTM and product breadth to LoanStream's wholesale business.

Broad incumbents

• Caliber Home Loans: Large non-bank mortgage originator with a Non-QM (Caliber Non-QM) offering plus full conventional and government products distributed through wholesale, correspondent, and retail channels. Comparable wholesale/correspondent distribution to LoanStream at larger scale.
• United Wholesale Mortgage (UWM): The largest U.S. wholesale mortgage lender by volume, with an expanding Non-QM product set (UWM Non-QM). Sets the competitive floor on broker service levels, pricing, and technology that LoanStream must match.
• Rocket Pro TPO: Wholesale division of Rocket Mortgage serving the broker channel with a broad product menu including conventional, government, and select non-QM. A direct competitor for broker mindshare and an important pricing benchmark for LoanStream.
• NewRez (formerly New Penn Financial): Top-10 non-bank mortgage originator with a wholesale division (NewRez Wholesale) offering Non-QM, conventional, government, and jumbo products. Competes with LoanStream for the same broker relationships and a similar product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCloU1WVxDfYSsCNK3UfR7PA
• Facebookfacebook.com/LSWholesale
• LinkedInlinkedin.com/company/loanstreammortgage
• Instagraminstagram.com/loanstreamws
• TikToktiktok.com/@loanstreammortgage?lang=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 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 LoanStream Wholesale