As the commercial lending market continues to evolve, non-QM loans are becoming an increasingly popular offering among lenders looking to create new revenue streams. While lenders took a hit during the pandemic, the housing shortage is driving more investors to seek out non-conventional loans in order to meet demand.
Commercial lending is going through an important transformation as consumers demand better solutions and technology works to address long-standing problems in the industry. Moving forward, automation and non-QM loans will play key roles in driving innovation and expanding the pool of potential borrowers.
Check out GoDocs’ “Lender’s Guide to Document Challenges for Non-QM Loans” for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.