eRESI Mortgage operates a funding platform that connects licensed mortgage professionals to private capital for residential mortgage acquisitions. By offering tailored loan acquisition programs based on specific income documentation types, the platform addresses the need for flexible funding solutions in the secondary mortgage market.
Funding
Funding not disclosed
Founders
Product
Problem
Licensed mortgage professionals often face challenges in securing consistent and flexible funding for residential mortgage acquisitions, particularly for non-qualified mortgage (Non-QM) loans. Traditional funding sources may have rigid requirements or limited capacity, hindering their ability to serve borrowers with diverse income documentation or unique property types. This can lead to missed opportunities and constrained growth for mortgage professionals.
Solution
eRESI Mortgage operates a funding platform that connects licensed mortgage professionals with private capital to facilitate residential mortgage acquisitions, specializing in Non-QM loans. The platform offers tailored loan acquisition programs based on various income documentation types, providing flexible funding solutions for the secondary mortgage market. eRESI provides access to a consistent capital base, enabling mortgage professionals to expand their product offerings and serve a wider range of borrowers. The platform supports a comprehensive suite of Non-QM solutions, including full documentation, alternative documentation, debt-service coverage ratio (DSCR), closed-end seconds, and agency-eligible non-owner-occupied (NOO) loans.
Target Audience
The primary target audience consists of licensed mortgage professionals, including correspondent lenders and brokers, seeking reliable funding sources for Non-QM residential mortgage acquisitions.
Features
- Tailored loan acquisition programs based on income documentation (e.g., bank statements, full documentation, DSCR)
- Access to a long-term capital base for consistent liquidity
- Comprehensive suite of Non-QM solutions, including Full Doc, Alt-Doc, DSCR, Closed-End Seconds, and Agency Eligible NOO
- Streamlined lock desk for efficient rate locking
- Non-delegated underwriting services
- Closed loan delivery portal