Founded by mortgage industry veteran Michael Strauss, Sprout Mortgage was a prominent wholesale and correspondent lender known for its focus on non-QM and jumbo loan products. The company aimed to provide innovative mortgage solutions for borrowers who did not fit traditional lending criteria. Despite significant growth, Sprout Mortgage abruptly shut down its operations on July 6, 2022, laying off its entire staff without notice, citing adverse and unforeseen market conditions that severely impacted its business.

Founded in

United States