Industry Briefs, Dec. 10, 2025
(Image courtesy of Markus Winkler via pexels.com)
Deephaven Mortgage Launches Equity Advantage HELOC Product
Deephaven Mortgage, Charlotte, N.C., launched its Equity Advantage HELOC product to give its wholesale and correspondent partners a new competitive advantage in the second lien market.
The standalone HELOC includes an option for self-employed borrowers to qualify based on 12 months of personal or business bank statements instead of tax returns. It can provide borrowers funding to pay down debt, renovate their homes or invest in new properties without giving up their existing low-interest-rate mortgage.
Deephaven manages the full lending process for the product and provides ongoing support.
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Dovenmuehle, Rivermark Community Credit Union Expand Partnership
Dovenmuehle, Lake Zurich, Ill., and Rivermark Community Credit Union, Beaverton, Ore., have expanded their partnership.
Under the extended relationship, Dovenmuehle will provide subservicing for Rivermark’s growing portfolio of mortgage loans.
Rivermark is the third-largest credit union in Oregon.
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AD Mortgage Unveils New Securitization
AD Mortgage, Fort Lauderdale, Fla., announced the successful launch of its fifth securitization in 2025, AD Mortgage Trust 2025-NQM5 (ADMT 2025-NQM5).
This is the 28th securitization issued with AD-originated collateral and the 19th to be rated by Fitch featuring collateral originated and serviced by AD under the Imperial Fund Mortgage Trust.
The $417.15 million transaction is backed by a pool of 1,163 loans, with certificates secured primarily by newly originated, fixed-rate mortgage loans.
About 90% were originated by AD Mortgage. The pool has a weighted average credit score of 748 and a weighted average combined loan-to-value ratio of 67.34%. It contains both prime and nonprime loans and loans backed by primary residences comprise a little over half of the pool.
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STRATMOR Group Releases Latest Insights Report, Looking Toward 2026
STRATMOR Group, Denver, released its latest Insights Report, highlighting the piece: “Cultivating What’s Next: Preparing for Growth in 2026.”
In it, STRATMOR advisers outline how lenders can strengthen foundational operators, improve partnerships and modernize their operating models to prepare for improving volume and rapidly maturing technology.
Another article featured in this month’s Insights Report is “NPS Gold Rush: How Gratitude is Driving Mortgage Sales.”
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