WebsiteClosers® presents a veteran Independent Mortgage Banking Company serving real estate clients, including Homebuyers, Property Investors, and Homeowners looking to refinance or access their equity. Seller financing is available to a qualified buyer. The business offers purchase loans, rate-reduction and cash-out refinances, reverse mortgages, and other residential loan options, with an average loan amount of $400,000. Their broad product range allows them to serve borrowers with different income profiles, property needs, and stages of homeownership.
Key Valuation Points
- 129-Year-Old Business
- Seller Financing
- Full Control of Loan Process
- 7,909 Email Contacts
- 34 Loan Officers
- $31.4M Loan Volume YTD 2025
- $400,000 Average Loan Size
- $2.5M Interest-Bearing Reserve
- Licensed in 4 States
Operating as a correspondent lender, the company handles underwriting, closing, and funding in-house before selling completed loans to investors. This gives their team control over the loan process and flexibility to select investors based on pricing and turnaround times. Two warehouse lines of credit support loan funding, while a third-party examiner conducts routine quality reviews. The seller reports no loan repurchases, buybacks, or indemnification demands over the past decade.
The operation includes 34 loan officers and staff covering underwriting, closing, funding, secondary marketing, and accounting. Key employees have been with the company for 10 to 20 years, including senior managers who have previously led larger teams. The owner spends approximately 1 hour daily on mortgage-related work, providing direction, managing personal client relationships, and approving expenses and payroll.
Loan officers work remotely, supported by flexible office space for meetings. This shift reduced monthly office costs by more than 95%, to about $700 to $800. Their loan software supports processing, pricing, and closing documents, while automated customer communications handle post-closing follow-up. Software is licensed through outside providers, with the systems already in place to run the operation.
Customer acquisition centers on referrals from real estate agents, builders, financial advisers, and other professional contacts. These relationships provide repeat introductions, while past borrowers may return for another purchase or refinance. An email database of more than 7,900 contacts supports monthly campaigns, and organic search adds another source of inquiries. Social media is largely unused, leaving room to reach borrowers through additional channels.
Growth opportunities include handling mortgage production under credit unions’ brands, giving those partners access to an established loan team. A buyer could also expand social media marketing, recruit additional loan officers, and develop the direct-to-consumer reverse mortgage program. Seeking licenses in additional states would open new markets, while a regional bank or credit union buyer could introduce mortgage services to their existing customers.
The offering includes business domains and an established mortgage operating platform supported by leased software, experienced staff, and investor relationships. This business is a prime candidate for entities looking to enhance their service offerings and market reach. Contact WebsiteClosers® today to explore this exceptional opportunity in the banking space.
CODE NAME: Project Wayback
WC 4102
