Key Takeaways
- • Truss Financial Group (TFG), a Ladera Ranch, California-based mortgage firm founded by Jeff Miller in 2006, has expanded from brokerage into direct lending, adding in-house underwriting and direct table funding, according to the company's announcement.
- • TFG has begun direct lending operations in California, with plans to add more states over the coming quarters, allowing the firm to underwrite, approve and fund certain loans itself rather than relying solely on wholesale partners.
- • The firm will keep its brokerage platform, which includes more than 90 wholesale banking partners across 44 states and Washington, D.C., creating a hybrid model intended to preserve broad product access while speeding funding.
- • Direct lending targets three segments: bank-statement loans for self-employed borrowers, DSCR loans for investors, and home equity and asset-depletion loans for seniors.
- • The expansion builds on TFG's earlier-2026 launch of DSCR-based HELOCs allowing investors to access up to $1 million in equity across non-owner-occupied properties without verifying personal income.
Summary
Truss Financial Group (TFG) has expanded from its brokerage model into direct lending, adding in-house underwriting and direct table funding, the company announced. The Ladera Ranch, California-based firm, founded by CEO Jeff Miller in 2006, focuses on nonqualified mortgages (non-QM), debt-service-coverage ratio (DSCR) investor products, bank-statement mortgages and standalone second-lien home equity lines of credit (HELOCs), according to HousingWire's report on the announcement.
The company said it has started direct lending operations in California and plans to add more states over the coming quarters. As a direct lender, TFG can now underwrite, approve and fund certain loans itself rather than relying solely on wholesale partners. Miller said in a statement that the move allows the firm to "accelerate overall funding timelines, offer direct underwriting transparency, and provide enhanced speed" for self-employed business owners and portfolio investors.
TFG will maintain its existing brokerage platform, which it said includes more than 90 wholesale banking partners across 44 states and Washington, D.C. The hybrid structure is intended to preserve broad product access while tightening control and speed where the firm lends directly. Jason Nichols, partner and chief marketing officer, said the "flexible hybrid model provides borrowers with the ideal financing combination," citing faster turn times through in-house funding.
The direct lending channel is positioned to serve three core segments: 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 earlier launch this year of DSCR-based HELOCs for residential real estate investors, which allow access to up to $1 million in equity across non-owner-occupied properties with one to four units, condominiums and planned unit developments, without verifying personal income or replacing existing first mortgages.
The article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.
The company said it has started direct lending operations in California and plans to add more states over the coming quarters. As a direct lender, TFG can now underwrite, approve and fund certain loans itself rather than relying solely on wholesale partners. Miller said in a statement that the move allows the firm to "accelerate overall funding timelines, offer direct underwriting transparency, and provide enhanced speed" for self-employed business owners and portfolio investors.
TFG will maintain its existing brokerage platform, which it said includes more than 90 wholesale banking partners across 44 states and Washington, D.C. The hybrid structure is intended to preserve broad product access while tightening control and speed where the firm lends directly. Jason Nichols, partner and chief marketing officer, said the "flexible hybrid model provides borrowers with the ideal financing combination," citing faster turn times through in-house funding.
The direct lending channel is positioned to serve three core segments: 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 earlier launch this year of DSCR-based HELOCs for residential real estate investors, which allow access to up to $1 million in equity across non-owner-occupied properties with one to four units, condominiums and planned unit developments, without verifying personal income or replacing existing first mortgages.
The article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.
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