ALTLOAN is a new kind of lender taking revolutionary steps to improve the Non-QM loan origination process for 3rd Party Originators. With an instant pricing and eligibility engine, unique product offerings, a self-service portal for faster service, turn time guarantees and live chat support, we're all about helping our Brokers and Bankers succeed. Whether you're looking for a high LTV alt-doc Alt-A Loan, a Non-Prime loan with credit issues, or a no ratio Investor Term, Bridge or Fix & Flip loan, ALTLOAN’s team of experienced mortgage professionals will work with you to accomplish your funding goals.
ALTLOAN has unique proprietary loan programs, which are designed to address the issues limiting a borrower's access to capital through competitive non-agency guidelines. ALTLOAN services all loans originated to these guidelines and only offers them to 3rd party originators (Brokers and Bankers), not to 4th party wholesale lenders.
ALTLOAN has a streamlined process with money-back guarantees to ensure we deliver on our turn times. If any of our posted turn times are not met, we will waive the $1,495 lending fee, no questions asked. Learn More
ALTLOAN provides all originators with their own self-service portal, called ALTAPP™, to price and prequal scenarios, submit loans and conditions, monitor status, lock loans, order docs, review closing instructions and much more.
National Production Manager
Mr. Scheifele has 30 years of experience in the residential mortgage origination business. Mr. Scheifele was president and founder of No Red Tape Mortgage from 1998 to 2009 where he grew the company to one of the largest privately held wholesale mortgage banks in the country with annual closings surpassing $3B. While growing and managing a 250-person staff with 90+ internal sales people day-to-day he led the charge to become the first wholesaler to go paperless from loan originations to loan sale.
Mr. Rogers, ALTLOAN's Production Manager, graduated from University of Southern California with a degree in finance. He has been involved in every facet of the mortgage industry for over 18 years. From originating QM and Non-QM loans, managing wholesale and retail teams, building retail and wholesale departments, buying and selling pools of performing and non-performing mortgages. Mr. Rogers brings vast amount of knowledge and personal experience to the team at ALTLOAN.
Mr. Houston has 14 years of experience in the residential and commercial mortgage banking business. Recently Mr. Houston was SVP Operations Manager at Genesis Capital, where he managed $80M of monthly Bridge, Fix & Flip, and Credit Line fundings. Previously, he was COO and Co-Founder of Bridgelock Capital, whose main principal investor was MSD Capital, which originated, managed and serviced over $200,000,000 in assets.