Altavera President Brian Simons to Speak on Risk and Reward of Non-QM Lending  

COMPANY ANNOUNCEMENT

DENVER, Colo., February 17, 2017 - Altavera Mortgage Services (Altavera), a leading provider of outsourced residential mortgage origination services, today announced company President and Founder Brian Simons will be a featured speaker at the Capital Markets Cooperative (CMC) annual Be Connected Summit held March 5–8, 2017, on Amelia Island, Florida. Simons will join other mortgage experts in a panel discussion designed to debunk common misconceptions about non-Qualified Mortgage (non-QM) lending.

The session will be of particular value to lenders and investors assessing the potential of this unique market segment. While not inherently high-risk, non-QM loans do not meet the standards of a Qualified Mortgage as established by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). Often misunderstood by originators and buyers alike, non-QM loans play an important role in addressing the needs of a wide spectrum of homebuyers, from non-prime borrowers to the very wealthy. 

Altavera saw a sharp increase in demand for its non-QM services in 2016. According to Simons, it’s an area of lending that’s poised for continued growth in 2017.

“Altavera has experienced a substantial increase in demand for non-QM underwriting and servicing in the past year, and we expect that to continue,” Simons said. His company provides U.S.-based outsourcing of mortgage back-office services, including processing and underwriting of non-QM and other loan types. 

Simons will be joined on the non-QM lending panel by Larry Platt of Mayer Brown; Will Fisher of Citadel Servicing, Inc.; and Darin Judis of BofI Federal Bank. The Be Connected Summit is open to current and prospective members of CMC and invited guests. For more information, visit https://www.capmkts.org/summit/.