Private investors

There are a number of private investors that are looking to invest in a non conforming home loan, and mortgage brokerages that specialize in this area act as third party intermediaries between borrowers and the private investors. Unlike traditional lenders, non conforming home loan brokerages can approve a deal faster within their own organization. There is typically no red tape to crawl through because these financial deals are not government regulated. The brokerage has the liberty to approve or disapprove the terms, depending on standards given by their private investors.