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Truss Financial launches in-house direct lending to speed loan funding
The California-based lender will underwrite, approve, and fund certain loans itself while keeping a 90-plus partner wholesale network across 44 states and Washington, D.C.
HousingWire reports that Truss Financial Group has expanded beyond brokerage into direct lending, adding in-house underwriting and table funding in California.
The company said the shift lets it underwrite, approve, and fund certain loans directly instead of relying solely on wholesale partners, with the goal of accelerating funding timelines and improving transparency for borrowers.
Truss Financial will maintain its existing brokerage platform, which it described as including more than 90 wholesale banking partners across 44 states and Washington, D.C., while planning to add more states over coming quarters.
The direct lending expansion targets three segments, including bank-statement loans for self-employed borrowers, DSCR loans for investors, and home equity and asset-depletion loans for seniors, following its earlier launch of DSCR-based HELOCs for residential real estate investors that can provide up to $1 million in equity across qualifying non-owner-occupied properties.