DALLAS–Calyx Software, a provider ofmortgage software solutions, said all CalyxPoint users can now access Deephaven’s non-QM mortgage products, enabling them to serve more borrowers and capitalize on the growing opportunities for non-QM.
“This integration furthers Deephaven’s mission to empower mortgage professionals serving borrowers who face challenges securing a traditional government-financed mortgage,” the company said. “As a leading issuer of non-QM mortgage-backed securities, Deephaven aims to be the top provider of non-agency loans to the origination community, offering expanded prime, near-prime, non-prime, bank statement loan, investment property, and interest-only products.”
The company added that originators are able to instantly determine fit across Deephaven’s non-QM loan programs and help borrowers that might not qualify for agency programs. Originators can run Deephaven’s IDENTI-FI AUS Findings Report on any loan file in Point without having to import/export a 1003 or credit information. Originators do not have to be preapproved with Deephaven to see a detailed breakdown of the qualification criteria applied, along with documentation requirements, the companies stated.
‘Common Sense’
"At Deephaven, our mission is to rebuild the non-agency mortgage market by providing common sense-driven underwriting decisions centered around a borrower’s ability to repay," said Mike Brenning, Chief Production Officer at Deephaven. "Our integration with Point will allow us to help even more originators reach underserved, yet credit-worthy borrowers and confidently originate non-QM products."
"More and more of our origination customers are looking to take advantage of the growing non-QM market," said Bob Dougherty, Vice President of Business Development at Calyx Software. "By integrating with Deephaven, a leader in non-QM lending, our customers will have access to even more loan options to responsibly expand their businesses."