Alternative lending program resources available:
About Thomas Yoon
Thomas Yoon is the President and Chief Executive Officer of Excelerate Capital, a national residential mortgage banking firm headquartered in Newport Beach, California. Excelerate is an industry leader in the Non-Qualified Mortgage (Non-QM) space, and provides a full range of QM financing — maintaining Fannie Mae Seller-Servicer, Freddie Mac Seller-Servicer, GNMA Issuer, HUD Mortgagee, USDA and Veterans Administration approvals.
Thomas has been a driving force behind the development of Non-QM lending. Thanks to his leadership, Excelerate was one of the earliest adopters of Non-QM after the Ability-To-Repay (ATR) rule went into effect under the Dodd-Frank Act in 2014. From the beginning he was convinced that Non-QM lending was prudent and would grow from a niche specialty product to become an important mainstream segment of the housing finance market, because so much of the borrowing public was under-served by agency and other Qualified Mortgage financing. This was especially true for self-employed borrowers, who comprised over 20% of the work force. And indeed, most Non-QM borrowers have proven to be financially successful self-employed borrowers with demonstrable incomes/cash-flows, making intelligent housing and/or real estate investment decisions. The loans have performed exceptionally well, which has enabled Non-QM lending to continue gaining traction. That traction has manifested itself in capital markets acceptance just as it has on the loan origination front.
Thomas has been both the prime mover and the organizational glue as he has built a highly successful company and helped develop a solid Non-QM foundation for the industry. Within the company, he has an incredible ability to pull people together through his vision, drive and genuine caring for the team. Within the industry, he has been an agent of change – not through “disruption” which is modernly so in vogue, but rather through a steadfast commitment to the industry’s proud roots of “doing the right thing” for borrowers and capital markets investors alike.
Over the course of his 20-year mortgage finance career, Thomas has held management positions at such firms as Pacific Mercantile Bank and Banc of California; has co-authored the best-selling book “The Mortgage Maze”; and a continuing contributor of Forbes.com. He has co-founded several mortgage-adjacent businesses that specialize in escrow, title, and financial technologies. He has also white labeled Non-QM product variations now in common use in the industry. Thomas earned his Bachelor of Science degree at UCLA.
About Excelerate Capital
Excelerate Capital is a full-service mortgage company that excels and distinguishes itself as an INNOVATOR in Non-QM mortgages. Since 2015, we have been assisting broker partners’ success as a leader in Alternative Lending solutions.
Our mission is to provide “out of the box” mortgage solutions, while delivering superior service. Our company culture is built to nurture the welfare and success of our broker clients and our employees.
We offer multiple solutions for alternative lending:
- 12 | 24 Months Bank Statements
- 1 or 2 Year 1099s | W2 Only
- P&L Only
- WVOE Only
- Asset Utilization
- DSCR – Debt Service Coverage Ratio with no minimum ratio
Credit scores can be as low as 600 and LTVs as high as 90%.
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Our approved Broker Partners can utilize our licensing in 36 states to originate mortgages out-of-state. Leverage our nationwide licensing power to expand your reach and fund more loans without any additional licensing requirements.