The proprietary non-qualified mortgage products, collectively known as FlexIQ, will be available through PHH's correspondent lending channel for both delegated and non-delegated loans. The lender is a subsidiary of West Palm Beach, Florida-based Onity Group. 

"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," said Andy Peach, Onity group executive vice president and chief lending officer, in a press release. 

Through FlexIQ, originators will be able to offer three different types of non-QM loans for their customers, Onity Group said. 

• PHH's full-documentation product serves jumbo loan borrowers with lending amounts above Fannie Mae and Freddie Mac conforming standards.  

• An alternative-documentation option is available for consumers with non-traditional salaried incomes, such as business owners or independent contractors who require different methods for underwriting and wage verification of their loans.

• The third, a debt-service coverage ratio option for real estate investors, allows for underwriting based on expected income from long- or short-term rental of their purchase units. 

The new suite replaces PHH's previous gold, silver and bronze tiers of its non-QM programs, the company said. 

"We anticipate that FlexIQ will serve as a cornerstone in expanding our non-agency product offerings to help our clients grow their business," Peach continued.

The addition of the non-QM suite arrives as Onity, which has long been a leading player in the loan servicing segment, employs new strategies for lending in 2025 through its PHH Mortgage business. Along with its latest news, PHH returned to the senior lending market earlier this year with a new proprietary home equity-related loan offered via its Liberty Reverse Mortgage arm. 

The latest non-QM trends

FlexIQ also comes as the mortgage industry sees a renewed focus on the non-QM segment of the market this year. Its development came about as Onity executives recognized the rising demand for such products, according to the company's chief growth officer Rich Bradfield. 

As other lenders touted their success in the non-QM market in 2024, related securitizations outpaced last year's level of activity through the first six months of 2025. At the same time, some loan officers said they are eyeing the non-QM market as a potential new source of business to guide them through current industry headwinds. 

Other companies making non-QM moves include Figure Technology, which announced last week it would introduce its own DSCR lending platform to take advantage of anticipated growth in investor demand.