Mortgage Company

Listing ID: 70057057

Listing Title: Mortgage Company

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Industry: Real Estate

Industry Segment: Mortgage Brokers

Country: United States

State / Province: California

Area Southern California - All Southern California

City: Orange County

Asking Price Range: $2.5M - $5.0M

Gross Revenues: $10,000,000

Cash Flow: $800,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2001

Number of Employees: 1 - 3

Business Description:
This company offers an innovative and proven system to generate revenues in the mortgage business. With well over 100 loan officers and over 50 branch operations, with operation in 45 states, the new owner does not have to be a broker or be real estate licensed. Revenues have continued to increase since the company's beginning. This unique business model is somewhat recession proof and market fluctuations and interest rates do not substantially affect their business in the same way traditional mortgage companies are affected. This business offers broker and correspondent lending programs with thousands of different mortgage programs for all kinds of clienteles from sub-prime to A paper. Essentially the company can do anything, anywhere. They do mainly residential mortgages, but in some instances they offer commercial lending as well as real estate transactions. The owner says the new owner could learn the system easily, continue growing the business, and relocate the business to another area if he/she desires. Mortgage experience is preferred but not essential. As an added benefit, this business system appears to have very substantial tax benefits incorporated into their model. The average number of loan originations are at least 100 loans per month with an average of $600 per loan to the company. They also have in house escrow and processing which are added profit centers for the company. The staff consists of 7 individuals which includes three processors, one escrow officer, one receptionist, and one executive administrative assistant.

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