120+ Year Legacy | Multi-State Mortgage Banking Company | 88% YOY Growth | Seller Financing | 34 Loan Officers | $400,000 Average Loan Size
Mortgage banking company lending across 4 states
On NextCompany since September 28, 2026 (16 days)
Location undisclosedEstablished 189734 FT employees
Business overview
This mortgage banking company provides residential financing across 4 states. It handles underwriting, closing, and funding internally before selling loans on the secondary market. Its 34 loan officers serve homebuyers, property investors, and older homeowners. The business has operated since 1897.
The company reports $1,917,633 in revenue and $959,157 in cash flow. Website Closers lists it with a $3,125,000 asking price. Professional referrals drive customer acquisition, and a 7,909-contact email database supports follow-up campaigns.
Who is a good fit for this business
- Regional banks seeking a mortgage operation to serve their existing customers.
- Credit unions interested in developing mortgage loans under their own brands.
- Mortgage lenders planning growth through loan officer recruitment and additional state approvals.
Details
Frequently Asked Questions
The company offers conventional, FHA, VA, rural housing, jumbo, and second mortgage products. It also serves borrowers seeking reverse mortgages or qualifying through rental income or assets.
The company handles underwriting, closing, and funding internally as a correspondent lender. It then sells loans on the secondary market with servicing rights.
Website Closers lists the company with a $3,125,000 asking price. The company reports $1,917,633 in revenue and $959,157 in cash flow.
The company draws referrals from real estate agents, builders, financial planners, insurance professionals, and loan officers' networks. Its 7,909-contact email database supports monthly market updates and other follow-up campaigns.
The company identifies white-label mortgage production for credit unions and recruitment of additional loan officers as growth avenues. It previously held licenses in 5 additional states and could pursue approvals to return to those markets.