Mortgage Bank, Full Eagle, Multi-State
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $600000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1995
Number of Employees 6 - 9
Inventory 500000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Yes.
Reason for Sale Entreprenuer focusing on other opportunities.
Description Why build it, when you can buy it cheaper and get to market faster? 15 year old Mortgage Banking Firm for salse has been relatively dormant for over a year now. $50k current monthly revenue, $15k profit. Seeking buyer that finds value in the company's HUD Full Eagle license, and 7 state lender and broker licenses all in good standing, including CA DOC RMLA. Exceptional reputation with good standing relationship with all its former investors. No buyback issues, no liability. Over $5 million worth of development hours in proprietary technologies including .net LOS, AUS, and imaging. Price: $250k - $500k. Email or call Marty at 866.645.4757.
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