The Mortgage Calculator enters correspondent channel while others exit

The Mortgage Calculator, which specializes in short-term rental and non-QM loans, is cutting out its parent companies to become an independent correspondent lender.

The Miami-based specialized lender said the move comes after its team grew to more than 200 loan officers over the past quarter. It will also enable The Mortgage Calculator to offer further discounted rates across various loan programs, including conventional, fix and flip, short-term rental financing, commercial property and non-QM loans.

“We put in a lot of work to become a lender,” said Nicholas Hiersche, founder and president of The Mortgage Calculator. “We started as a branch at a bank, to a branch at a brokerage, to a branch at a lender. We are very excited to finally be in total control of our business.”