“Innovative Securitization: Angel Oak and Brightvine Transforming the Mortgage Industry”

by | Dec 20, 2023

Updated: December 20, 2023




Angel Oak’s latest non-agency securitization to incorporate Brightvine’s technology underscores its commitment to innovation

Angel Oak’s latest non-agency securitization to incorporate Brightvine’s technology underscores its commitment to innovation

Summary:

Angel Oak Capital Advisors has announced the issuance of AOMT 2023-7, a $397 million securitization, and the firm’s first non-agency RMBS securitization to leverage Brightvine’s blockchain-powered data management platform. This partnership highlights Angel Oak’s commitment to innovation and its focus on providing a superior experience for its clients. The transaction represents the latest milestone in the venture between Brightvine and Angel Oak, which began with a successful bank subordinated debt securitization last year. Brightvine’s platform provides a secure and transparent way to manage loan-level data, documents, and servicing information, ensuring accuracy and efficiency in the mortgage industry.

Introduction:

Angel Oak Capital Advisors has announced its latest securitization, AOMT 2023-7, which incorporates Brightvine’s blockchain-powered data management platform. This partnership demonstrates Angel Oak’s commitment to innovation and its dedication to providing the best experience for its clients. By leveraging Brightvine’s market-leading platform, Angel Oak aims to improve loan accuracy and transparency in the mortgage industry.

Main Points:

  • AOMT 2023-7 is Angel Oak’s first non-agency RMBS securitization to use Brightvine’s technology.
  • The senior tranche of AOMT 2023-7 received a AAA rating from Fitch Ratings.
  • Brightvine’s platform offers an immutable audit trail for loan-level data, documents, and servicing information.
  • The partnership between Brightvine and Angel Oak began with a successful bank subordinated debt securitization last year.
  • AOMT 2023-7 consists of 755 loans with an average original credit score of 738 and an average loan-to-value ratio of 71.2%.

Conclusion:

Angel Oak’s latest securitization, AOMT 2023-7, incorporating Brightvine’s technology, highlights the company’s commitment to innovation and its dedication to improving loan accuracy and transparency in the mortgage industry. By leveraging Brightvine’s blockchain-powered data management platform, Angel Oak aims to provide a superior experience for its clients. This partnership marks another milestone in the venture between Brightvine and Angel Oak, as they continue to lead the way in non-agency securitization.


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