Angel Oak Home Loans, a full-service mortgage lender known for its non-QM offerings, has hired Steven Valladares, CMB, as vice president of correspondent sales.
“I am excited to be part of the growing sales team at Angel Oak, where we will continue to provide excellent support to our lender partners, especially in this unique market environment,” he said.
“Angel Oak’s leadership in the non-qualified mortgage market is indicative of what’s to come as we expand in the agency space as well. Angel Oak will act as a multifaceted correspondent capable of satisfying the needs of the massive agency market as well as non-QM.”
Valladares brings three decades of experience to the company, with twenty years of direct sales experience focused on correspondent sales. He has held positions with institutions like Wells Fargo and Fannie Mae, where he served as VP of national sales and capital markets, respectively.
He will create and implement a sales infrastructure for supporting internal and external sales teams on the correspondent line, which purchases and services home loans in the secondary market.
His work is connected to Angel Oak’s focus on expanding to include both the agency and non-QM markets.
“We are thrilled to be adding someone to our team with as much experience and expertise in the mortgage sales industry as Steven has,” said Brynn Stensrud, executive vice president of correspondent lending at Angel Oak.
“We look forward to working alongside him to strengthen our existing client relationships, while making many more and bringing Angel Oak’s competitive pricing and renowned infrastructure to a wider audience at a time when it is most needed in the market.”