Mortgage Brokerage Business

2 Mortgage Brokerage Business Success Stories [2024]

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Updated: July 23rd, 2024

A mortgage broker is an intermediary who helps homebuyers choose the best mortgage lenders and facilitates the mortgage application process.

To start a mortgage brokerage business, you must complete the pre-licensure program and an official test. Getting an internship with an established mortgage brokerage company will help you gain experience before you can go into private practice.

In this list, you'll find real-world mortgage brokerage business success stories and very profitable examples of starting a mortgage brokerage business that makes money.

1. Anchor Loans ($1.2B/year)

Steve Pollack, co-founder and CEO of Anchor Loans, started the private lending company after realizing that local fix and flip entrepreneurs needed access to capital to grow their businesses. With a team of real estate and IT experts, they developed a fintech platform that allowed them to fund loans in as few as 3-5 business days. Today, Anchor Loans is a nationwide industry leader, with over 85% of their customers being repeat borrowers. They have been profitable every year since their founding in 1998 and have been recognized as one of the top 1000 fastest-growing companies in America.

How much money it makes: $1.2B/year
How many people on the team: 155

How 3 Professional Poker Players Started A $100M/Month Hard Money Loans Company

Anchor Loans is a private lending company that has grown into a leader in their industry, funding over $1 billion in loans to fix and flip investors in a single year and has been profitable every year since their founding, and they credit their success to their focus on exceptional customer experience and the development of their fintech platform.

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2. Perch ($960K/year)

Alex Leduc, the Founder and CEO of Perch, came up with the idea for his real estate tech company after seeing how broken and inefficient the mortgage and real estate industry was during his time in the financial sector. He wanted to create a platform that would provide users with in-depth insights and personalized guidance throughout the homebuying process, allowing them to make more informed decisions. After testing and refining his MVP through feedback from friends, family, and strangers, Alex was able to launch Perch with a total startup cost of around $55,000 and has since raised $1 million in seed round funding.

How much money it makes: $960K/year
How much did it cost to start: $80K
How many people on the team: 20

My Proptech Startup Makes $960K/Year Helping People Save Money On Their Mortgage

Toronto-based real estate tech company, Perch, offers a free analytics platform with personalized insights for homebuyers and homeowners, and has saved its users an average of $1,500 per year on their mortgage, with a 174% referral rate, and has raised $1m in seed round funding.

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