Growing Multi-State Mortgage Lender for sale – Temporarily Off Market
Annual Revenue: $16,000,000
Net Cash Flow: $2,500,000
Location: Detroit area, Michigan
Rare opportunity to purchase turnkey mortgage lender licensed in 40 states! The company boasts an outstanding reputation built on a customer-centric orientation. Featuring all types of loan programs, the firm is able to cater to borrowers of all levels. With fully functioning offices equipped with managers, loan officers, loan processors, centralized underwriting, and the latest in mortgage technology, the company is ideally positioned for scale.
Having enjoyed top-line growth of over 300% from 2019 to 2020 and maintaining the same gross level in 2021, ownership has clearly been rewarded for its expertise in product knowledge, human resource management, and commitment to customer satisfaction. Scaling opportunities include sourcing qualified multilingual staff and placement at strategic branch locations, geographic expansion, creation of appraisal management company, and implementation of sales outreach efforts such as a call center. The owner is willing to stay on for an extended transition post-sale and motivated management personnel complete this outstanding offering.