Angel Oak on a growth trajectory

by Ryan Smith25 Feb 2019

As the demand for non-QM mortgage products grows, is growing with it, bringing on new staff and expanding its workspace.

“There aren’t a lot of other people who are expanding and growing and hiring,” said Tom Hutchens, executive vice president of production at Angel Oak. “It’s kind of contradictory to what’s going on market-wide.”

Angel Oak opened an operations center in Dallas in April of last year – and the company has already outgrown it. Earlier this month, the company opened a new Dallas center with three times more space.

“Truthfully, we really outgrew the space after about four months,” Hutchens said. “It just took us a while to find a space, build it out and get it ready for us. We currently have 40 staff members (in the Dallas center), but we have the capacity for over 100 now.”

Angel Oak will likely need the space; Hutchens said the company plans to keep growing.

“We are definitely in hiring mode,” he said. “We’re looking for people who have mortgage experience and have a customer-first mindset. We’re in excess of 100 account executives now, and a good percentage of them are relatively new. We’re looking forward to this year being a great year.”

Hutchens credits Angel Oak’s growth to its commitment to finding new ways to help its customers.

“We’ve been at the forefront of innovation in the mortgage space,” he said. “That’s proving to be a sound strategy. Hutchens added that Angel Oak’s success has been built on originators using those innovations – and non-QM products – to grow their business.

“We’re able to bring some product innovation and process innovation to the market, and that’s paying dividends,” he said.

Angel Oak is looking for account executives. to check out the latest opportunities.

 

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