Deephaven mortgage offers hands-on training to help brokers gain expertise with non-qm product offerings

As more hopeful homeowners seek non-traditional lending solutions, brokers are looking to partner with wholesale lenders who can offer unique options. For those borrowers who have been historically underserved in the traditional mortgage industry, Deephaven Mortgage has proven that its expertise in the non-QM space can benefit brokers and borrowers alike.

With more than a thousand independent mortgage brokers counting on their knowledge and experience, Deephaven Mortgage's relationship managers have a reputation for helping their brokers succeed every step of the way.

"We work with brokers from the beginning on their submissions by recommending the right product, identifying errors or missing information up front, and seeing the application through to underwriting," said Tom Davis, chief sales officer at Deephaven Mortgage. "Our brokers know that we stand by our terms and commitments. And because our underwriting is in-house, we can react faster and be more flexible to the individual situation of the borrower."

As demand for non-QM loans continues to grow, brokers want to know they are fully equipped to handle an influx of non-QM borrowers. While adding non-QM options to their product offerings could be huge for business, many brokers may not have the hands-on experience needed to effectively negotiate these types of loans. This is where Deephaven comes in.

"Brokers who are new to the non-QM space are eager to offer these loans to increase their value and business. On the other hand, they are often concerned that it may be difficult to learn how to broker non-QM," said Shelly Griffin, senior vice president of client development. "Deephaven provides great, hands-on training that quickly gets brokers up to speed on the process and how to submit loans. We also provide them with white-label marketing materials that explain non-QM and different product options that they can easily share with borrowers or real estate agents."

Deephaven also offers a credit program function for bank statements, which provides an excellent solution for evaluating the financial situation of borrowers who are self-employed or small business owners. In addition, Deephaven's 15-day debt service coverage ratio (DSCR) loan program gives brokers a competitive advantage in a booming real estate investment market.

By pioneering non-traditional lending solutions, Deephaven keeps pace with an ever-evolving housing market and workforce. The Deephaven team continues to adapt its products and approach to meet today's needs, helping future borrowers achieve their home-buying goals and helping brokers achieve their business goals.

"Entrepreneurs, the self-employed, business owners, real estate investors – more and more people are choosing to go their own way. As demand for non-QM continues to grow, it will become more mainstream, to the point where it will be unusual for a wholesale broker not to include non-QM in its product offering," said Steve Lemon, senior vice president and national head of wholesale sales. "Our role is to drive adoption of non-QM by the wholesale broker community through product innovation, great training and fantastic support for brokers and borrowers."


Shelly Griffin, Senior Vice President, Client Development

Shelly Griffin's deep knowledge of loan processing and underwriting leads to trusting, long-term client relationships. She has helped countless mortgage professionals successfully implement non-QM products for their organizations.


Steve Lemon, senior vice president, national director of wholesale sales

Steve Lemon expands Deephaven's broker network as demand for Deephaven's non-QM products increases. Steve brings more than 25 years of success in non-QM sales and support to the table.

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