For sale is an online residential mortgage brokerage created in 2019 that gives consumers a wider range of mortgage or refinancing options than traditional lenders. They can offer custom loans and terms and low interest rates because of their extremely low overhead costs and 100% digital business model.
They currently advertise on hundreds of websites, and are integrated on mortgage rate tables across dozens of major sites, with a robust CRM that rivals companies like Quicken and Rocket Mortgage. The average loan size is over $350K and the average borrower has a 720+ FICO score.
Even with mortgage rates increasing, sales haven’t slowed down since the business is licensed in 8 states and has the ability to generate leads in all 50 states. They can also switch gears quickly from Refinance to Purchase and vice versa so there are always loans coming in. The next owner could easily scale the operation to 100-250+ loans a month within a year.
The owner runs the business on his own and would be open to potentially staying on as a consultant. Conversely, this could be a great opportunity for an owner/operator to step in and scale up, or a fantastic strategic acquisition for a company already in the mortgage space that’s seeking to expand their customer reach or add a new revenue channel.