Business Idea: Start A Mortgage Brokerage Business in 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.
Revenue & Profitability
How much do mortgage brokerage businesses make?
- On average, successful mortgage brokerage businesses report $600M/year in revenue.
- 0% of mortgage brokerage businesses report being profitable.
Examples Of Successful Mortgage Brokerage Businesses
Successful mortgage brokerage business businesses and case studies
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.
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.
See full list of successful mortgage brokerage businesses.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
