PHH Mortgage Launches Proprietary Non-QM Product Suite
PHH Mortgage (NYSE: ONIT) announced it expects to launch FlexIQ, a proprietary suite of non‑QM mortgage products, on October 20, 2025. FlexIQ will be sold through PHH's Correspondent Lending channel for delegated and non‑delegated loans and will replace PHH's prior Gold/Silver/Bronze non‑QM programs.
FlexIQ includes a service‑first approach with a single underwriting standard across product types, a dedicated support desk, training resources, and three product categories: Full Documentation for higher loan limits, Alternative Documentation for non‑traditional income, and DSCR for real estate investors qualifying on rental income.
PHH Mortgage (NYSE: ONIT) ha annunciato che prevede di lanciare FlexIQ, una suite proprietaria di prodotti ipotecari non QM, il 20 ottobre 2025. FlexIQ verrà venduto tramite il canale Correspondent Lending di PHH per prestiti delegati e non delegati e sostituirà i programmi non QM Gold/Silver/Bronze precedenti di PHH.
FlexIQ comprende un approccio orientato al servizio con un unico standard di underwriting per tutti i tipi di prodotto, un desk di supporto dedicato, risorse di formazione e tre categorie di prodotto: Full Documentation per limiti di prestito più alti, Alternative Documentation per reddito non tradizionale, e DSCR per investitori immobiliari che si qualificano in base al reddito da affitto.
PHH Mortgage (NYSE: ONIT) anunció que planea lanzar FlexIQ, una suite propietaria de productos hipotecarios no QM, el 20 de octubre de 2025. FlexIQ se venderá a través del canal de Correspondent Lending de PHH para préstamos delegados y no delegados y reemplazará los anteriores programas no QM Gold/Silver/Bronze de PHH. FlexIQ incluye un enfoque orientado al servicio con un único criterio de suscripción para todos los tipos de producto, un mostrador de soporte dedicado, recursos de formación y tres categorías de producto: Full Documentation para límites de préstamo más altos, Alternative Documentation para ingresos no tradicionales y DSCR para inversores inmobiliarios que se califican por ingresos de alquiler.
PHH Mortgage (NYSE: ONIT)가 FlexIQ를 2025년 10월 20일에 출시할 예정이라고 발표했습니다. FlexIQ는 PHH의 Correspondent Lending 채널을 통해 위임 및 비위임 대출에 판매되며 PHH의 기존 비QM Gold/Silver/Bronze 프로그램을 대체할 것입니다.
FlexIQ는 하나의 대출 인수 기준, 전용 지원 데스크, 교육 자료, 그리고 세 가지 상품 범주를 특징으로 하는 서비스 우선의 접근 방식을 포함합니다: Full Documentation은 더 높은 대출 한도, Alternative Documentation은 비전통 소득, DSCR은 임대 소득으로 자격을 얻는 부동산 투자자를 위한 것입니다.
PHH Mortgage (NYSE: ONIT) a annoncé qu'il prévoit de lancer FlexIQ, une suite propriétaire de produits hypothécaires non QM, le 20 octobre 2025. FlexIQ sera vendu via le canal Correspondent Lending de PHH pour les prêts délégués et non délégués et remplacera les programmes non QM Gold/Silver/Bronze précédents de PHH.
FlexIQ comprend une approche axée sur le service avec une norme unique d'évaluation (underwriting) pour tous les types de produits, un desk de support dédié, des ressources de formation et trois catégories de produits : Full Documentation pour des plafonds de prêt plus élevés, Alternative Documentation pour les revenus non traditionnels et DSCR pour les investisseurs immobiliers qui se qualifient sur les revenus locatifs.
PHH Mortgage (NYSE: ONIT) kündigte an, dass es voraussichtlich FlexIQ, eine firmeneigene Suite von Nicht-QM-Hypothekprodukten, am 20. Oktober 2025 einführen wird. FlexIQ wird über den Correspondent Lending-Kanal von PHH für delegierte und nicht delegierte Kredite verkauft und ersetzt PHHs frühere Nicht-QM-Programme Gold/Silver/Bronze.
FlexIQ umfasst einen serviceorientierten Ansatz mit einem einheitlichen Underwriting-Standard über alle Produkttypen, einen dedizierten Support-Desk, Schulungsmaterialien und drei Produktkategorien: Full Documentation für höhere Darlehensgrenzen, Alternative Documentation für nicht-traditionelles Einkommen und DSCR für Immobilieninvestoren, die über Mieteinnahmen qualifizieren.
PHH Mortgage (NYSE: ONIT) أعلنت أنها تتوقع إطلاق FlexIQ، وهي مجموعة برامج رهون عقارية غير QM مملوكة للشركة، في 20 أكتوبر 2025. سيُباع FlexIQ من خلال قناة PHH Correspondent Lending للقروض المفوضة وغير المفوضة وسسيستبدل PHH البرامج غير QM Gold/Silver/Bronze السابقة.
يتضمن FlexIQ نهجاً يركز على الخدمة مع معيار تمويل واحد عبر جميع أنواع المنتجات، وموظف دعم مخصص، وموارد تدريب، وثلاث فئات من المنتجات: Full Documentation للمستويات الأعلى من القروض، Alternative Documentation للدخل غير التقليدي، و< b>DSCR للمستثمرين العقاريين المؤهلين بناءً على دخل الإيجار.
PHH Mortgage (NYSE: ONIT) 公布预计将于 2025年10月20日 推出 FlexIQ，这是一整套 PHH 自有的非 QM 按揭产品，将通过 PHH 的 Correspondent Lending 渠道销售，面向授权和非授权贷款，并将取代 PHH 先前的 Gold/Silver/Bronze 非 QM 计划。
FlexIQ 采用以服务为先的方式，具备跨产品类型的统一承保标准、专门的支持台、培训资源，以及三大产品类别：Full Documentation，用于更高的贷款限额；Alternative Documentation，用于非传统收入；以及 DSCR，用于通过租金收入合格的房地产投资者。
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Insights
PHH Mortgage plans to launch a proprietary non-QM suite, FlexIQ, via its Correspondent channel on
PHH Mortgage, a unit of Onity Group Inc., will replace its Gold/Silver/Bronze non‑QM programs with FlexIQ, a three‑tier product set: Full Documentation, Alternative Documentation, and Debt Service Coverage Ratio. The offering targets borrowers with loan sizes above agency limits, non‑traditional income documentation needs, and real‑estate investors qualifying on rental income; it will be available for delegated and non‑delegated correspondent loans.
The business mechanism is straightforward: a proprietary product suite can deepen correspondent relationships by standardizing underwriting, centralizing support, and offering training to drive volume. Key dependencies include correspondent adoption rates, pricing competitiveness, and operational readiness for delegated underwriting and the dedicated support desk; these factors will determine revenue and margin outcomes.
Watch operational rollout and early performance metrics over the next 1–3 quarters, specifically adoption rates among correspondent partners, loan mix shifts toward non‑agency volumes, and any publicized credit or servicing standards changes by
New non-QM products expected to launch on October 20 and will be offered through PHH’s Correspondent Lending channel
WEST PALM BEACH, Fla., Oct. 13, 2025 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Onity Group Inc. (NYSE: ONIT) and a leading non-bank mortgage servicer and originator, today announced that the Company expects to launch a new suite of proprietary non-qualified mortgage (non-QM) products known as FlexIQ on October 20. The product suite will be available through the Company’s Correspondent Lending channel for delegated and non-delegated loans.
“We designed FlexIQ with our clients’ needs in mind, offering them an easier, streamlined process and a flexible product suite to meet the growing demand for non-QM products,” said Rich Bradfield, Executive Vice President and Chief Growth Officer. “We are excited to launch FlexIQ, which underscores our commitment to being a trusted partner by continuing to provide value-added products to our clients and the customers they serve.”
"FlexIQ is our new proprietary product with a service-first approach that includes a single standard for underwriting across multiple product types, a dedicated support desk, and necessary training, as well as other helpful resources,” added Andy Peach, Executive Vice President and Chief Lending Officer. “We anticipate that FlexIQ will serve as a cornerstone in expanding our non-agency product offerings to help our clients grow their business."
FlexIQ offers flexible underwriting and intelligent mortgage solutions in the following three product categories:
- Full Documentation (Full Doc): Designed for borrowers who are seeking loan limits above traditional Agency standards.
- Alternative Documentation (Alt Doc): Designed for non-traditional income profiles for borrowers who require alternative methods to document their income.
- Debt Service Coverage Ratio (DSCR): Designed for real estate investors who are seeking to qualify based on rental income compared to monthly housing expenses.
FlexIQ will replace PHH’s previously offered Gold/Silver/Bronze non-QM programs. For more information on PHH Correspondent products, please visit https://correspondent.phhmortgage.com.
About Onity Group
Onity Group Inc. (NYSE: ONIT) is a leading non-bank financial services company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to consumers and business clients. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices and operations in the United States, the U.S. Virgin Islands, India and the Philippines, and have been serving our customers since 1988. For additional information, please visit onitygroup.com.
PHH Mortgage is an equal housing lender.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by a reference to a future period or by the use of forward-looking terminology. Forward-looking statements are typically identified by words such as “expect”, “believe”, “foresee”, “anticipate”, “intend”, “estimate”, “goal”, “strategy”, “plan” “target” and “project” or conditional verbs such as “will”, “may”, “should”, “could” or “would” or the negative of these terms, although not all forward-looking statements contain these words, and includes statements in this press release regarding the anticipated benefits of the FlexIQ product to PHH’s correspondent lending clients and the ability of PHH to continue expanding product options.
Forward-looking statements involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, changes in market conditions, the industry in which Onity operates, and its business, the actions of governmental entities and regulators, developments in litigation matters, and other risks and uncertainties detailed in Onity’s reports and filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2024 and subsequent reports. Anyone wishing to understand Onity Group Inc.’s business should review its SEC filings. Onity’s forward-looking statements speak only as of the date they are made and Onity disclaims any obligation to update or revise forward-looking statements whether as a result of new information, future events or otherwise.
For Further Information Contact:
Dico Akseraylian, SVP, Corporate Communications
(856) 917-0066
mediarelations@onitygroup.com
FAQ
When will PHH Mortgage (ONIT) launch the FlexIQ non‑QM product suite?
Through which channel will ONIT offer FlexIQ loans?
What product categories are included in PHH's FlexIQ suite?
What does FlexIQ replace in PHH's product lineup?
How does PHH describe FlexIQ's underwriting and support for Correspondent lenders?
Where can Correspondent lenders find more information about PHH's products?
