Skip to content

Established Connecticut Mortgage Broker With Multiple State Licenses

Price: $995,000

Annual Revenue: $1,563,610

Net Cash Flow: $291,037

Industry: Financial Services

Location: CT

Listing ID: 80


Over the course of its more than two decades of existence, this company has earned a reputation as a valuable resource for clients seeking the most cost-effective mortgage products, with residential properties comprising 95% of its portfolio. Licensed in eight states, the company has offices in Connecticut and New York. New business is produced by the owner and four loan officers, who draw upon longstanding relationships with 25 lending institutions to provide clients with access to products to support their purchases of homes and investment properties, as well as refinancings and home equity loans. Mortgages are underwritten by banks, the FHA, VA and US Department of Agriculture. Jumbo loans constitute 10% of the portfolio; approximately 10% of clients are subprime borrowers. A staff of loan processors, a bookkeeper and secretary provide administrative support. As a reflection of client satisfaction, over 60% of business is from mortgagors previously served by the company. Realtors, appraisers, home inspectors, banks and other third parties generate a steady stream of new client referrals. Since the Connecticut office is housed in a family owned building, the owner can accommodate the buyer’s preference for a lease term. He intends to continue managing his mortgage practice for several years after the sale, which will assure the buyer of a seamless transition. The most valuable asset the buyer will acquire is a brand that is regarded as synonymous with quality and service, and which promises to continue to generate strong repeat and referral patronage over the long term.


Listing Details

Training & Support:

Seller will provide support to facilitate a smooth transition.

Scroll To Top