Angel Oak Capital Advisors, LLC (Angel Oak) announced it has completed AOMT 2018-1, a $328.78 million securitization comprised largely of non-QM residential mortgages. The securitization is backed by mortgages that were fully sourced through the firm’s three affiliated mortgage lenders: Angel Oak Mortgage Solutions, LLC, Angel Oak Home Loans, LLC and Angel Oak Prime Bridge. The senior tranche of AOMT 2018-1 received a AAA rating from both Fitch and DBRS.

“We have developed a large investor following of our securitizations over the past several years based on the strength of our execution and the consistent quality of our deals. Our leadership in the non-QM origination and securitization markets continues to be recognized throughout the industry,” said Sreeni Prabhu, Angel Oak Co-CEO and CIO.

The deal was comprised of 905 loans with an average loan amount of $363,287. Approximately 81 percent of the mortgage pool is comprised of non-QM loans, with the rest consisting of qualified mortgages and mortgages for non-owner occupied properties and foreign nationals not residing in the United States.

AOMT 2018-1 marks Angel Oak’s seventh and largest mortgage securitization, accounting for approximately $1.3 billion in total securitized residential mortgage loans. All seven securitizations have been backed by mortgages originated through Angel Oak’s affiliated lenders.

“Our vertically integrated model is unique in that our loans for securitization are sourced directly from our affiliate lending businesses, giving investors additional comfort in the transparency of Angel Oak’s origination and underwriting capabilities. Our success on all levels from origination to securitization is proof our model works,” Prabhu said.