Truss Financial launches direct lending platform, maintains wholesale network

Ladera Ranch, California-based Truss Financial Group (TFG) has expanded its operations by launching an in-house direct lending platform, adding underwriting and table funding capabilities. This move allows TFG to accelerate funding timelines and offer greater transparency and speed, particularly for self-employed business owners and portfolio investors. The company, founded by Jeff Miller in 2006, specializes in non-qualified mortgages (non-QM), debt-service-coverage ratio (DSCR) investor products, bank-statement mortgages, and standalone second-lien home equity lines of credit (HELOCs).

Initially launching its direct lending operations in California, TFG plans to expand to more states in the coming quarters. This direct lending channel will focus on supporting bank-statement loans for self-employed borrowers, DSCR loans for investors, and home equity and asset-depletion loans for seniors. The expansion follows TFG's recent introduction of DSCR-based HELOCs for residential real estate investors, which permit access to up to $1 million in equity without personal income verification.

Despite the move into direct lending, TFG will maintain its existing brokerage platform, which comprises over 90 wholesale banking partners across 44 states and Washington, D.C. This hybrid approach is designed to ensure broad product access while enabling tighter control and faster execution on loans funded directly. Jason Nichols, partner and chief marketing officer, stated that this model offers borrowers an ideal financing combination, leveraging faster turn times through in-house funding alongside access to a wide array of loan programs via wholesale channels.