Monday 06/15: Day OneMonday, 15 June 2026 - PT (Pacific Time, GMT-08:00)

Hosted by Alan Qureshi, Co-Founder and CEO, Black Lake Investment Solutions

Non-QM is the fastest-growing segment in residential lending, but most originators are leaving basis points on the table — sometimes dozens of them — through suboptimal investor selection, stale rate sheets, and hedging programs built for agency flow. This luncheon brings together a small group of originators for a candid, working-session discussion of what actually moves the needle on Non-QM profitability.

• Best execution across the Non-QM investor stack. Why the high bid isn't always the best execution, how to read through investor-specific overlays, and where the persistent pricing dislocations live in DSCR, Bank Statement, and Full Doc programs.

• Hedging Non-QM pipelines that don't behave like agency. Pull-through assumptions that break in volatile markets, the limits of TBA proxies for non-conforming product, and practical approaches to cross-asset hedging when your pipeline includes a meaningful Non-QM concentration.

• Rate sheet construction that protects margin without losing the lock. Layered Minimum Envelope methodology for combining investor pricing into a single defensible sheet, how often to refresh, and where most originators over- or under-price relative to true secondary execution.

• Scaling production without scaling risk. Operational and analytical infrastructure required to grow Non-QM volume past the point where spreadsheets and gut feel start costing real money.

This is a roundtable, not a presentation. Bring your hardest current questions — pricing, hedging, investor relationships, pipeline management — and expect a working conversation among peers.

Who should attend: Capital markets, secondary, and executive leadership at originators currently doing — or planning to scale — Non-QM production.

Seats are limited. To RSVP, please email alanqureshi@blacklakeinvestments.com with your name, title, and company.