The firm expects the expansion to establish Angel Oak as a growing mortgage lender providing high-quality customer service and alternative loan products for homebuyers who do not meet the strict lending standards of traditional lenders.
“Angel Oak is well equipped to serve borrowers in need of traditional and customized loan products that can help them achieve homeownership,” Casey said. “Housing markets across the country have changed over the past several months, and adaptive solutions are essential. Angel Oak’s diverse products allow us to continue to deliver for homebuyers in different market conditions.”
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“We’re pleased to deepen our roots throughout the Carolinas and provide an array of traditional and innovative loan products to more qualified borrowers across the country,” said Mitchell. “We’ve seen a drastic increase in demand and the pace at which homes are being sold, especially in the Southeast. In response, there has also been a strong appetite for ways to streamline the homebuying process, including options that could enable the entire process to be conducted remotely.”
“Angel Oak’s unique products and resources deliver fast results, turning prospective homebuyers into homeowners,” said Church. “It’s a privilege to be able to help qualified borrowers achieve their dreams of homeownership. That’s what really makes Angel Oak unique in the marketplace, and we’ll only continue to enhance those services and abilities going forward.”