The current mortgage lending market reflects a stark contrast to the comfort of low rates during the pandemic. With mortgage rates nearing 7%, many potential borrowers find it harder to qualify due to the gig economy's influence. However, this presents distinct opportunities for mortgage brokers, especially those focused on non-QM products, like Acra Lending, which reported a 47.5% increase in non-QM originations. As self-employment becomes more common among borrowers, brokers who can cater to these unique needs are positioned to succeed.
In the modern mortgage market, with rates close to 7%, opportunities arise for mortgage brokers who cater to non-QM borrowers, adapting to evolving employment trends.
Acra Lending has thrived amidst market shifts, increasing its non-QM originations by 47.5% from 2023 to 2024, showcasing adaptability and growth in a challenging landscape.
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