"How Working with a Non-QM Mortgage Originator Can Save Your Deals and Boost Your Earnings

As a real estate agent, you know that every deal counts. Whether you're working with a first-time homebuyer or a seasoned investor, you want to ensure that your clients get the financing they need to complete their purchase. However, not every borrower fits neatly into the traditional mold of a qualified mortgage (QM) borrower. That's where a non-QM mortgage originator can be a valuable partner for real estate agents looking to save their deals and earn more money.

What is a non-QM mortgage?

First, let's define what we mean by a non-QM mortgage. Unlike a QM loan, which meets the standards set by the Consumer Financial Protection Bureau (CFPB), a non-QM mortgage falls outside those guidelines. This means that non-QM loans can be more flexible in their underwriting criteria, such as allowing for higher debt-to-income ratios or considering alternative income sources like self-employment income.

Why work with a non-QM mortgage originator?

Working with a non-QM mortgage originator can help real estate agents in a number of ways. Here are a few key benefits:

1. More options for borrowers: By partnering with a non-QM mortgage originator, you can offer your clients a wider range of loan options. This can be especially helpful for borrowers who don't fit the traditional mold of a QM borrower, such as self-employed borrowers or those with credit challenges.
2. Save deals that would otherwise fall through: If a borrower doesn't qualify for a QM loan, that doesn't necessarily mean that they can't get a mortgage. A non-QM mortgage originator can work with these borrowers to find a loan product that meets their needs and gets the deal back on track.
3. Earn more money: Non-QM loans can be more complex and require more expertise to underwrite than QM loans. As a result, non-QM mortgage originators often charge higher fees than their QM counterparts. By partnering with a non-QM mortgage originator, real estate agents can earn more on each deal.

Should you have a deal that was lost to financing issues I am happy to give it a look and see if I can find a QM or non QM option to save the deal. Feel free to DM me or see my info below.

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Benjamin Kell PRMG NMLS# 2126313