Deephaven Non-QM Mortgage Products Now Available through Calyx Point

Originators Access More Lending Options, Increase Production with Non-Agency AUS

DALLAS, Oct. 11, 2018 — Calyx Software®, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that all Calyx® Point® users can now access Deephaven’s non-QM mortgage products, enabling them to serve more borrowers and capitalize on the growing opportunities for non-QM.

This integration furthers Deephaven’s mission to empower mortgage professionals serving borrowers who face challenges securing a traditional government-financed mortgage. As a leading issuer of non-QM mortgage-backed securities, Deephaven aims to be the top provider of non-agency loans to the origination community, offering expanded prime, near-prime, non-prime, bank statement loan, investment property, and interest-only products. Originators are able to instantly determine fit across Deephaven’s non-QM loan programs and help borrowers that might not qualify for agency programs. Originators can run Deephaven’s IDENTI-FI AUS Findings Report on any loan file in Point without having to import/export a 1003 or credit information. Originators do not have to be preapproved with Deephaven to see a detailed breakdown of the qualification criteria applied, along with documentation requirements.

“At Deephaven, our mission is to rebuild the non-agency mortgage market by providing common sense-driven underwriting decisions centered around a borrower’s ability to repay,” said Mike Brenning, Chief Production Officer at Deephaven. “Our integration with Point will allow us to help even more originators reach underserved, yet credit-worthy borrowers and confidently originate non-QM products.”

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“More and more of our origination customers are looking to take advantage of the growing non-QM market,” said Bob Dougherty, Vice President of Business Development at Calyx Software. “By integrating with Deephaven, a leader in non-QM lending, our customers will have access to even more loan options to responsibly expand their businesses.”

To access Deephaven’s offerings in Point, select Lenders from the main menu and then click on Deephaven Mortgage.

About Calyx Software Calyx Software® is an established provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders, and brokerages nationwide. The company’s easy-to-use technology, including its borrower interview platform, loan origination systems, and secure electronic signature software, is designed to streamline, integrate and optimize all phases of the loan process for customers of various sizes, workflows, channels and complexities. Combined with its extensive network of vendor partners, Calyx products deliver a true digital mortgage solution that maximizes profitability and enhances the customer experience. For more information, call (800) 362-2599 or visit www.calyxsoftware.com.

About Deephaven Mortgage Deephaven is a full service, multi-channel, long-term investor in the non-QM space. The company provides access to financing to millions of underserved clients throughout the U.S. Deephaven was founded in 2012 to help rebuild the non-government mortgage market. At that point, mortgage credit had dramatically tightened in response to the housing crisis and millions of credit-worthy borrowers were still locked out of the mortgage market. In 2014 Deephaven was acquired by affiliates of Värde Partners, a $13 billion global investment firm. Deephaven has purchased over $2.5 billion of non-QM loans from partners since that time. Deephaven has completed six securitizations totaling over $1.75 billion of sold bonds backed by non-QM home loans. For more information, please visit deephavenmortgage.com.

Contact:

Campbell Lewis Communications Jessica Ruiz-Krout 212.995.8058 [email protected]

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