Jet Direct Funding

What Jet Direct Funding does

Jet Direct Funding Corp is a non-QM wholesale mortgage lender headquartered at 4875 Sunrise Hwy Suite 300, Bohemia, New York, that originates loans exclusively through a B2B distribution channel of approved mortgage brokers and bankers nationwide. The company specializes in alternative documentation lending for borrowers who cannot qualify for agency financing, including self-employed individuals, real estate investors, non-U.S. citizens, and borrowers with complex financial situations. Its product portfolio spans nine core loan categories — 12/24-Month Bank Statement, P&L Only, DSCR, Asset Utilization, ITIN, WVOE, HELOCs, Closed-End Second Mortgages, and Foreign Nationals — plus the higher-balance Ruby DSCR and JET Tier 1/2 Non-QM programs. Brokers submit and manage loans through the Encompass TPO Connect platform (jetdirect.encompasstpoconnect.com), and pricing scenarios are generated through the proprietary Quick Pricer web tool.

The company's revenue model is transaction-based loan origination: as a wholesale lender rather than a retail originator, Jet Direct earns fees on each loan funded through its broker network rather than interest income on a held portfolio, and pricing/terms are not publicly disclosed but distributed through the broker portal. The go-to-market is purely indirect — the company explicitly directs consumer applicants to its retail-facing sister brand jetdirectmortgage.com, confirming the wholesale-only positioning. The firm is privately held, with no disclosed parent, institutional investor, or funding rounds; it operates under NMLS #3542 and holds mortgage lender/broker licenses in 27+ U.S. states, which constitutes the primary regulatory moat and enabler of nationwide broker coverage.

Jet Direct's stated competitive positioning rests on three pillars: (1) domain specialization built on an average of over 20 years of wholesale lending experience across its team, including named executives Shachar Rand (Chief Business Development Officer) and Steven Ho (Loan Officer); (2) operational speed and broker support via relationship-focused account executives and dedicated operations staff; and (3) product breadth under a 'more ways to say yes' thesis, covering virtually every major non-QM documentation type. The firm also operates the DBA 'Senior Reverse Network,' signaling adjacent vertical expansion into reverse mortgage products. The company maintains BBB accreditation and pursues content-marketing-led broker acquisition through an educational blog covering DSCR, bank statement, HELOC, and real estate investing topics.

Name

Jet Direct Funding

Legal name

Jet Direct Funding Corp.

Website

https://jetdirectfunding.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Jet Direct Funding Corp is a non-QM wholesale mortgage lender that originates alternative documentation loans — including bank statement, DSCR, ITIN, WVOE, and foreign national products — exclusively through a nationwide network of approved mortgage brokers and bankers, licensed in 27+ U.S. states.

Ownership category

akta.pro rank

Product category

Non-QM Wholesale Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mini-Correspondent / Table Funding Programs (FSALACAC)

akta.pro secondary industry

Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Non-QM wholesale lending
• Mortgage broker services
• Alternative documentation loans
• DSCR investment loans
• Bank statement mortgages

Headquarters

HQ city

Bohemia

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. Loan Origination: Revenue generated from originating Non-QM mortgage loans to mortgage brokers who then close loans for their end borrowers. The company acts as wholesale lender, not retail.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Jet Direct Funding Corp is a non-QM wholesale mortgage lender that funds loans originated by approved mortgage brokers and bankers nationwide. It sells a comprehensive suite of alternative-documentation mortgage products—including bank statement, P&L, DSCR, asset utilization, ITIN, WVOE, HELOC, closed-end second, and foreign national loans—underpinned by an Encompass TPO Connect broker submission platform and a proprietary Quick Pricer scenario-pricing tool. The company does not lend directly to consumers; its customers are licensed mortgage brokers who close loans on behalf of their own clients.

Product overview

Jet Direct Funding Corp is a non-QM wholesale lender serving mortgage brokers across the nation. The company offers a comprehensive portfolio of specialized mortgage products including: Bank Statement Loans (12 and 24 Month), P&L Only Loans, DSCR Loans, Asset Utilization Loans, ITIN Loans, WVOE Loans, HELOCs, Closed-End Second Mortgages, and Foreign Nationals Loans. Additionally, the company provides advanced products through its Ruby program (DSCR, Tier 1 Non-QM, and Tier 2 Non-QM) with detailed guideline matrices. The platform also includes a Quick Pricer tool for brokers to quickly assess loan scenarios. These products serve self-employed borrowers, real estate investors, non-U.S. citizens, and those with non-traditional income sources who may not qualify for conventional financing.

Differentiator

Problem solved

Functional benefit

Products and services

• 12 and 24 Month Bank Statement Loans

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Longbridge Financial: Longbridge Financial is a wholesale non-QM lender offering reverse, HELOC, and traditional non-QM products through broker partners, with comparable alternative documentation programs and a similar broker-only distribution model.
• Carrington Mortgage Services: Carrington Mortgage Services operates a wholesale channel that includes a comprehensive non-QM product suite (bank statement, DSCR, ITIN, foreign national) distributed through mortgage brokers, making it a direct competitor to Jet Direct Funding in the wholesale non-QM segment.
• Athas Capital Group: Athas Capital Group is a wholesale non-QM lender offering bank statement, DSCR, and alternative documentation programs to mortgage brokers nationwide, directly competing with Jet Direct Funding in the broker-distributed non-QM space.
• Verus Mortgage Capital: Verus Mortgage Capital is a non-QM wholesale lender and securitizer that funds and purchases non-QM loans originated through brokers, directly competing with Jet Direct Funding's wholesale non-QM origination model and offering similar alternative documentation products.
• Angel Oak Mortgage Solutions: Angel Oak Mortgage Solutions is one of the largest non-QM wholesale lenders in the U.S., offering a comparable suite of non-QM products (bank statement, DSCR, ITIN, foreign national) distributed exclusively through the broker channel—just like Jet Direct Funding.
• Kiavi (formerly LendingHome): Kiavi is a wholesale lender focused on DSCR and investor rental property loans originated through brokers and direct channels, closely mirroring Jet Direct Funding's DSCR-heavy product emphasis on real estate investors.
• Deephaven Mortgage: Deephaven Mortgage is a non-QM wholesale lender focused exclusively on broker-originated non-prime loans including DSCR, bank statement, and investor programs, closely overlapping Jet Direct Funding's product set and wholesale-only distribution.

Broad incumbents

• NewRez (Realfi Home Funding): NewRez operates a broad wholesale mortgage platform that includes non-QM products alongside its core agency offerings, competing for the same broker-originated non-QM files as Jet Direct Funding while also providing conventional and government loan alternatives.
• United Wholesale Mortgage (UWM): UWM is the largest U.S. wholesale mortgage lender and a broad incumbent in the broker channel; while its core business is agency/conventional, it competes with non-QM specialists like Jet Direct Funding for broker mindshare and TPO wallet share.
• Rocket Pro Wholesale: Rocket Pro Wholesale is the wholesale division of Rocket Mortgage, offering brokers a broad product menu including non-QM alternatives. As a large incumbent, it competes with Jet Direct Funding for broker-originated non-standard files even though non-QM is not its primary focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jetdirectfunding

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Jet Direct Funding