Currently, approximately 90% of the business revolves around non-owner occupied financing, encompassing various aspects such as non-QM loans, debt service coverage ratio (DSCR) loans, and bank statement loans.
After recognizing a gap in the market, Rosenberg chose to navigate a different path from the conventional FHA, and VA loan routes that most others were pursuing.
“We saw an underserved community in the investor space, and we seized the opportunity to focus our efforts on serving their unique needs,” adds Jonathan Yoo, CEO and principal of Convoy Home Loans.
“We decided that it would be in our best interest to service the clientele base that you know for sure would come into play later on – which is right now. A lot of investors are coming out.”
Due to its commitment to this specialized niche, Convoy Home Loans has achieved significant success. It handles a higher volume of transactions compared to many of its peers. However, it’s not merely about volume; expertise lies in the ability to navigate complex deals and create opportunities where others might not see them.
Source: mpamag.com