Press release.

PCMA Announces OMEGA 2.0, Purchase And Refinance Product For The Mass Affluent and High Net Worth

jason jepson - July 28, 2020

Irvine, CA – July 29th, 2020 — PCMA, the pioneer and category leader in Non-Bank Private Client Lending, announced the relaunch of their popular OMEGA program. OMEGA 2.0, was created to accommodate the needs of the mass affluent and high net worth in the purchase or refinance of primary residential and second residences.

“OMEGA 2.0 was designed to meet the needs of complex and sophisticated estates within Private Client community without sacrificing service, rates or options,” said Bryan Filkey, EVP of Credit and Strategic Initiatives. “The past success of OMEGA along with serving the most credit worthy borrowers created a Zero Loss outcome for PCMA and our banking partners during unprecedented times. The performance of our loans and our focus on navigating liquidity issues with our partners has not only secured our counter party relationships but also has allowed us to build OMEGA 2.0 into a market leading product to further serve and meet the needs of our esteemed clients.”

OMEGA 2.0 features the following options:

  • Purchase or Refinance
  • Loan Amounts to $2,500,000
  • 30 Year Amortization
  • 30 I 40 Year Fixed Duration options
  • 10 Year Interest Only Option – No rate or pricing adjustments
  • No Tax Return Required – Ability to Repay calculated off stability of cash flows
  • 12 Months Bank Statement – Blended Cash Flow Ok
  • Asset Utilization – 36 I 84 Month Options
  • Rate & Term Classification – Payoff of Tradeline, Lien or IRS Installment Plan
  • Cash Out to LTV Limitations – No rate or pricing adjustments

“The evolution to OMEGA 2.0 strategically aligned PCMA with one of the preeminent firms in Non-Agency RMBS and the principles of the firm are pioneers in the creation of the NQM market,” said Filkey.  “Our leadership in the expanded prime space, the evolution of the OMEGA program and our determination to serve the needs of the Private Client community has allowed us to secure additional banking relationships nearly doubling our credit facilities to accommodate our expected growth for the rest of the year and into 2021. These partnerships pave the way for PCMA to be the largest NonQm originator in the country and we look forward to helping shape the future of the alternative lending landscape.”

About PCMA

PCMA is the leading non-bank private client lending organization serving the needs of their mass affluent and high net worth clientele. PCMA offers qualified individuals and institutions bespoke lending solutions across all major residential asset classes. PCMA is a diversified financial enterprise offering private client solutions through a direct and indirect to consumer business model. PCMA strives to build trusting and enduring relationships by putting clients and professional partners at the center of all they do. PCMA is headquartered in Orange County, CA. Additional information is available at