Excelyrate Capital

Based in Newport Beach, California, Excelyrate Capital is a full-service mortgage lender that specializes in providing non-qualified mortgage products to borrowers who do not meet traditional agency loan requirements. Operating as a subsidiary of Castle Mortgage Corp., the firm functions primarily as a wholesale lender serving mortgage brokers with alternative financing solutions for unconventional credit profiles. The institution originates non-QM loans, issues its own securitizations, and maintains active seller-servicer relationships with major government-backed entities including Fannie Mae and Freddie Mac. By the end of 2021, the enterprise had expanded its operational footprint to provide residential lending services across 47 states. During this period of national expansion, management established a strategic target to reach $5 billion in total mortgage origination volume for the 2022 fiscal year. Excelyrate Capital was founded in 2014 by Michael Thompson and Thomas Yoon.