Key facts
- The Loan Store has rebranded as Averra Financial.
- The rebrand took effect October 1.
- Averra Financial's non-QM volume increased 68% year to date through August.
- Existing broker relationships and loans in process will remain unchanged.
- Averra Financial offers an income verification tool called Averra Advantage.
- The company partnered with Aven to offer a home equity line of credit.
The Loan Store has officially rebranded as Averra Financial, a move that took effect on October 1. This name change signifies the company's expansion into a national lending platform. Averra Financial reported a significant 68% increase in its non-qualified mortgage (non-QM) volume year to date through August, compared to the same period in the previous year. The company assured that existing broker terms, loan programs, pricing, and approvals will remain unchanged, and all loans currently in the pipeline will proceed to closing as scheduled.