Acra Lending has been assigned the RO2 residential mortgage originator ranking by DBRS, which affirms the company’s “good origination quality.”
DBRS confirmed its “RO2” evaluation of the privately held lender, which has been “profitable six out of the last seven years,” according to the rating agency. Acra specializes in non-qualified mortgage wholesale and correspondent lending programs, including bank statement, investor cash flow, ATR-in-full, and ITIN loans.
The ranking also reflects Acra’s stable and experienced senior management team. However, due to declining production volumes, the company reduced its origination staff by 170 full-time employees over the past year.
