Mortgage Business

Mortgage Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Navigating the world of property finance can be complex, but starting a mortgage business offers a solid path to financial success. This venture involves acting as a middleman between borrowers and lenders, helping clients secure loans for their dream properties.

You'll analyze financial profiles, offer tailored advice, and liaise with banks to find the best mortgage deals. With real estate being a constant need, there's consistent demand for knowledgeable advisors who can simplify the process.

A mortgage business requires a deep understanding of financial products, strong communication skills, and regulatory compliance. Initial efforts will involve obtaining necessary licenses and building relationships with lenders.

If you're detail-oriented and excel in financial planning, this rewarding and impactful business could align well with your strengths. The potential to make a significant difference in clients' lives adds a satisfying element to this financial service.

In this list, you'll find real-world mortgage business success stories and very profitable examples of starting a mortgage 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. Money Geek ($120K/year)

Michael, a former personal finance professional, started Money Geek after a marketing company convinced him to blog for client recruitment. Dissatisfied with their content, he took over and saw the blog skyrocket to 250k monthly page views within nine months, ultimately generating over $10k a month.

How much money it makes: $120K/year
How much did it cost to start: $2.5K
How many people on the team: 0

How I Started A 250K Monthly Pageviews Personal Finance Blog

Your Money Geek blog grew rapidly to over 250k monthly page views in nine months, leading to the creation of a white-glove, paid mastermind program to help site owners drive traffic and revenue for their own blogs.

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Read by 19,400 founders