Episode 198
If you originate DSCR loans, one of the biggest frustrations is getting deep into a transaction only to have the appraisal come back with rental income that doesn’t support the deal the way you expected.
In this episode, I sit down with Eric Morgenson from Angel Oak Mortgage Solutions to break down Angel Oak’s Rental AVM and how it can help loan officers get a much clearer picture of market rent earlier in the process.
Eric walks through how the Rental AVM works, how Angel Oak uses it when pre-qualifying DSCR loans, when a 1007 may or may not be needed, and how the higher rental figure may be used when multiple rental valuation options are available. We also cover which property types are eligible, some of the limitations, and why getting this information upfront can potentially save time, money, and headaches later in the transaction.
Eric also explains how simple it is to get started — including the basic documentation Angel Oak needs to run the pre-qual and how quickly loan officers can get initial findings.
If you do DSCR business, this is one tool you’ll want to understand.
To learn more about Angel Oak’s Rental AVM or to connect with Eric directly, visit:
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