The firm, which holds DFPI License #60DBO-149268 in California, now manages the full lifecycle of a loan—from initial credit decisioning to final table funding—without relying on intermediary banking partners. This shift targets borrowers who struggle with traditional W-2 documentation, specifically those utilizing bank statement programs, debt-service coverage ratio (DSCR) investor loans, and asset-depletion strategies for seniors.
In section Releases
Truss Financial Group Shifts to Direct Lending Model in California
Ladera Ranch-based Truss Financial Group has transitioned into a direct lender, a move designed to bypass third-party bottlenecks for self-employed professionals, real estate investors, and retirees. By bringing underwriting and funding in-house, the firm aims to slash closing times while maintaining its broader national wholesale network.
CEO Jeff Miller noted that the expansion addresses the needs of homeowners who want to extract equity from their properties without refinancing existing low-rate primary mortgages. By controlling the underwriting process, the company expects to provide greater transparency and speed for alternative-income financial profiles. While California serves as the launchpad for these direct operations, the company continues to utilize its established network of over 90 wholesale banking partners to maintain coverage across 44 states and Washington, D.C.
Comments (0)
No comments yet. Be the first!