ACC Mortgage founder on non-QM regulations: “I thought this was good”

Senko opened All Credit Considered Mortgage in 1999 with a mission to create solutions for borrowers ignored by traditional banks and lenders. Sticking to this goal allowed the company to weather the market challenges and grow its roots in the non-QM sector.

“I realized early on that even doing Fannie Mae traditional-rate mortgages had become very commoditized. It was hyper rate-sensitive and fee-sensitive,” Senko said. “So as great as a loan officer is, if someone was an eighth of a point better, they [clients] were going over there. There was no value put on the originator.

“So, when the [non-QM] market started to grow in 2019 and into early 2020, the product was real, and it was performing. Myself and my capital partners were committed to staying in this space. We were able to hit the ground running when the capital markets came back because we had expanded our sales and expanded our operation and were out front. We were able to navigate those difficult times and keep our heads about ourselves and keep our core philosophy and products.”

You can read Senko’s full interview here: A good loan puts people in a “better situation”