The rise of Non-QM Loans

Mortgage and Lending with PS Mortgage Lending 305-791-4874 or 888-845-6630 365768

As a mortgage lender, I have always viewed Non-QM Loans as a great opportunity for people to receive a loan that doesn’t include all of the confusing and time spending rules a regular QM loan requires.


In previous years, (viewing them on a much higher scale) Non-QM hadn’t reached the popularity that people like me expected, most of us being non-bank lenders or small service providers. In recent years, we’ve seen our expectations come to fruition as Non-QM starts to gather popularity, even starting to compete with other types of popular loans like the FHA and the VA loan.


With this increase in popularity comes a time for adjustment.Technology has risen up to the task of providing users a more practical and better interaction with all kinds of products, be it a simple task like ordering food online, getting a cab, or even selling your own house with a click! (That last one having some pros and cons...)


Look at new software and app examples, “Closing Scheduler” is an app that lets the originator choose closing date and time in a matter of minutes (after the loan is cleared to close, of course). There’s no more need to go back and forth through the involved parties, this makes the whole process a breeze.


We are looking at a new type of technology, one that’ll help originators as well as customers, we’ll be able to breach the gap between disinformation and time consuming processes, making Non-QM loans a top seller giving the chance to originate better and plenty Non-QM loans. The future of Non-QM is here, and it will make a big (hopefully effective) change on the way we mortgage lenders do our business.



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Phil Stevenson

PS Financial Services

Owner and Principal Mortgage Originator

Certified Reverse Mortgage Professional (CRMP)

LO #365768

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Cell: 888.845.6630

Miami Mortgages & Florida Mortgages

Copyright © 2013 by Phil Stevenson & PS Financial Services, LLC


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Phil Stevenson, CRMP

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