Solid platform and turn-key Fully operational mortgage company complete with licensing in 38 states, surety bonds, fidelity bonds, E&O insurance, audits, relationship agreements, etc… offered for sale to qualified principals only. Walk into immediate revenue by purchasing this established mortgage lending platform. All the systems and procedures are in place for a seamless operation. The office consists of 6 business units; HR, marketing, sales force, processing, underwriting and closing. This mortgage platform is clean with no threat of mortgage loan repurchasing from any of its investors.
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Property Features and Assets:
This company is fully delegated to fund FHA and Reverse loans by HUD including all other types of mortgage papers. The company is well structured financially and does not have any debt. It currently operates in approximately 7000 square feet of office space which is owned free and clear including all company assets and equipment and offers seating to about 65 employees. The Principals will entertain selling the mortgage platform solely excluding the company's business assets or with its business assets and equipment.
Market Competition and Expansion:
This institution was established 3 years ago with strong correspondent relationships with many large institutional investors and warehouse banks solidly in place. The company has above average growth potential. This platform if carefully developed can produce revenue of $10 Million a year without much effort. All the legwork has been done for the right buyer to take over.
Reason for Selling:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.