Ladera Ranch, California-based Truss Financial Group (TFG) has expanded from brokerage into direct lending, adding in-house underwriting and direct table funding, the company announced last week.
“Expanding into direct lending allows us to accelerate overall funding timelines, offer direct underwriting transparency, and provide enhanced speed for self-employed business owners and portfolio investors requiring reliable liquidity,” Jeff Miller, CEO and founder of TFG, said in a statement.
Founded by Miller in 2006, TFG focuses on nonqualified mortgages (non-QM), debt-service-coverage ratio (DSCR) investor products, bank-statement mortgages and standalone second-lien home equity lines of credit (HELOCs).
The company said that it has started direct lending operations in California, with plans to add more states over the coming quarters. By becoming a direct lender, TFG can now underwrite, approve and fund certain loans itself rather than relying solely on wholesale partners.
Outside of its direct lending footprint, TFG will maintain its existing brokerage platform, which it said includes more than 90 wholesale banking partners across 44 states and Washington, D.C. That hybrid structure is intended to let the firm keep broad product access while tightening control and speed where it lends directly.
The company is positioning the direct lending channel to support three core segments — bank-statement loans for self-employed borrowers, DSCR loans for investors, and home equity and asset-depletion loans for seniors.
The direct lending expansion follows TFG’s launch earlier this year of DSCR-based HELOCs for residential real estate investors. That product allows investors to access up to $1 million in equity across non-owner-occupied properties with one to four units, condominiums and planned unit developments without verifying personal income or replacing existing first mortgages.
TFG’s strategy now combines that product innovation — including its DSCR HELOC aimed at investors — with more control over underwriting and funding.
“Our flexible hybrid model provides borrowers with the ideal financing combination,” Jason Nichols, partner and chief marketing officer, said in a statement, citing faster turn times through in-house funding while maintaining access to a broad set of loan programs via wholesale channels.
This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.
