Angel Oak Mortgage Solutions announced a new president and two more executive promotions. Tom Hutchens, formerly Angel Oak’s EVP of Production, will now head the lender’s Mortgage Solutions division. Hutchens has devoted more than a decade to Angel Oak, serving as EVP since 2014. Prior to joining the company, he served as president of Novo…
Non-QM leader Angel Oak Mortgage Solutions released a new HELOC for the self-employed. The Bank Statement HELOC allows qualified borrowers to retain their first mortgage while accessing their homes’ equity. It uses trailing 12- or 24-month bank statements as the deciding factor and provides a line of credit with no restrictions on usage. This offer…
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