Stephen Thomas Launches Minority-Owned Correspondent Lender

Industry powerhouse Stephen Thomas is spearheading a new minority-owned national correspondent lender, FutureWave Finance. FuturWave partners with investors to offer lenders a future-focused product suite aimed at expanding homeownership across the U.S. It offers government, conventional, and low-balance loans, plus jumbo, non-QM residential, and non-QM business purpose loans. Its industry partners include Ginnie Mae​, Freddie Mac, Optimal Blue​, ICE Mortgage Technology, The Fay Group, Loan Central, and SitusAMC. “I’ve known Steve Thomas a long time and if anyone can deliver the leadership and drive to change the mortgage industry and provide homeownership opportunities, it’s Steve. He knows this business inside and out and is deeply involved in the housing industry,” Julie Joseforsky, President of Financial Services at Fay Financial, said.…