Mortgage Broker For Sale in the Southwest US

Southwest Mortgage Broker For Sale

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Listing Number:

36982

Status:

Off The Market

Business Type:

Finance & Insurance - Mortgage Brokers

Location:

Southwest States

Price:

Not Available

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The Company is an eleven year old full service mortgage broker offering a wide range of residential and commercial loan options to a diverse roster of borrowers. Acting as an intermediary between home buyers/home owners and mortgage banks, the Company has emerged as a local leader in the Mortgage industry, building long term customer relationships and loyalty by shopping client loans to multiple lenders to get the best mortgage rate for their customers.

The Company has developed a profitable niche in its market, and is very strong in loan origination. About 70% of the Company's loan volume is conforming. However, the company does a significant volume (30%) of non-conforming loans including non-income verification, sub-prime, home equity credit lines, commercial, construction and "hard money" private placements. Approximately 80% of the loan volume are "A" loans v. 20% "B, C, & D" loans. In 2003, the company closed 1884 loans for an aggregate loan value of $270 million dollars.

This opportunity could be an excellent fit for a large homebuilder, a regional bank, or a company offering other financial products that could be resold to the seller's customer base of approximately 5000 qualified homebuyers.

Disclaimer: MergerNetwork.com has not independently verified any of the information in this listing and makes no warrany as to its accuracy or completeness.