ALTLOAN sources the best available capital for residential Non-QM loans with easy guidelines and competitive rates. All loans are underwritten in-house to ensure easy execution and fast closings for Mortgage Brokers. All Underwriters, Account Managers and Account Executives have 5+ years experience in the mortgage business with Non-QM experience.
ALTLOAN provides easy access to competitive Non-QM loan programs for mortgage brokers and mortgage bankers. We deliver certainty-of-close for Non-Prime and Hard Money loans with instant pricing and loan eligibility.
Pre Qualifications are issued within 24 hours after analyzing borrower’s employment, income, assets, credit and loan request. Additionally, we provide a DIY (Do-It-Yourself) portal where customers can see next steps, view pipelines and loan status, upload conditions and communicate directly with an ALTLOAN team member.
ALTLOAN provides Mortgage Brokers with many ways to help borrowers qualify for Non-QM loans, which include 1 Year Tax Returns, Bank Statements, Asset Depletion, 1099 Only, Investor No Ratio & DSCR and more.
ALTLOAN's Executives have been in the mortgage business 30+ years, which has enabled them to establish relationships with some of the largest Private Equity Firms and Hedge Funds in the country that enables access inexpensive capital.
ALTLOAN provides users with their own self-service portal, called ALTAPP™, to price scenarios, submit loans and conditions, monitor status and much more.
ALTLOAN arranges the following loan types:
, Construction loans
, Fix and Flip