7 Mortgage Brokerage Business Success Stories [2023]
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.
Here are some real life success stories of starting a mortgage brokerage business:
1. Perch ($960K/year)
Alex Leduc (from Toronto, ON, Canada) started Perch about 5 years ago.
Hi reader! My name is Alex Leduc and I’m the Founder and CEO of Perch. We’re a real estate tech company based in Toronto, Canada and we offer our service to all provinces across the country. At Perch, our mission is to empower Canadians to make more informed decisions about their real estate. We love helping buyers become homeowners, and helping homeowners optimize their finances and grow their wealth.
The average Perch user saves $1,500 per year on their mortgage, compared to going with a bank. Perch has recently raised $1 million in seed round funding and was recently selected to join the 2022 REACH Canada accelerator program, operated by Second Century Ventures, the strategic investment arm of the National Association of Realtors®.
2. Quiet Light ($210M/year)
Today I have my friend Joe Valley on the show. Joe is the co-owner of Quiet Light brokerage which is an online brokerage firm that helps you buy and sell businesses.
I asked Joe to come on the podcast to discuss the overall online business market, how to sell your online business, the typical va…
Mark Daoust (from Mooresville, NC, USA) started Quiet Light ago.
- Mark Daoust is the CEO and founder of Quiet Light Brokerage.
- He has been mentoring company owners who are considering selling their businesses since the establishment of the company in 2007.
- The Quiet Light team of business developers helps to plan the most effective time and strategy for selling your business.
- Their aim is to support those who are new to the prospect of buying and selling their businesses.
Listen to the full podcast on domainmagnate.com/ ➜
Learn more about starting a mortgage brokerage business:
Where to start?
-> How much does it cost to start a mortgage brokerage business?
-> Pros and cons of a mortgage brokerage business
Need inspiration?
-> Examples of established mortgage brokerage business
-> Mortgage brokerage business slogans
-> Mortgage brokerage business names
Other resources
4. Quiet Light
The advisors at Quiet Light Brokerage have each bought and sold businsesses. We can help you plan your successful exit. We've "been there, done that."
- Estimated revenue: $17.5M/month
- Business rank: #119K
Check out their full website ➜
5. RMS
Residential Mortgage Services offers borrowers a full spectrum of integrated loan processing, underwriting and direct lending services -- all under one roof. The result? Fast processing of residential mortgage applications, and a better overall experience for you! We offer conventional purchase and refinance home loans, as well as VA, FHA, USDA-RD and many state sponsored loan programs.
- Website traffic: 70K/month
- Business rank: #408K
Check out their full website ➜
6. Mortgage Business
Latest news and analysis for mortgage industry professionals.
- Business rank: #596K
Check out their full website ➜
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