3 Mortgage Information Business Success Stories [2024]
Navigating the complexities of mortgages is daunting for many, but imagine creating a business that makes it simple. A mortgage information business provides valuable insights and education to prospective homebuyers, demystifying one of life’s biggest financial commitments.
Your role involves compiling, analyzing, and presenting comprehensive mortgage options, interest rates, and lender comparisons. By becoming an expert source of advice, you not only save clients a lot of stress but also help them secure the best possible deals.
This business requires diligent research and constant updating of information as market conditions evolve. You'll need to leverage digital platforms to disseminate your insights, cultivating a trustworthy brand in the financial services industry.
If you’re analytical, enjoy financial topics, and want to make a significant impact on people’s lives, starting a mortgage information business could be your path to a fulfilling, service-oriented profession.
In this list, you'll find real-world mortgage information business success stories and very profitable examples of starting a mortgage information 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
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.
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
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.
3. 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
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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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.
