Read more: Originators beef up non-QM production after pandemic hiatus

Michael Fontaine, co-president and chief operations officer of Plaza Home Mortgage, said that the company aims to provide more financing options to underserved borrowers.

“Today, there are more than 10 million self-employed Americans, and that number keeps growing,” Fontaine said. “Our Solutions Non-QM program will help brokers serve the needs of this market and give them new tools, like IO loans, to qualify buyers in high-cost areas. Our dedicated scenario desk and non-QM underwriting team will help brokers quickly determine borrower eligibility so they can focus on the most viable deals.”