Open to forming partnership-Leading NY Residential MORTGAGE BROKER

Nassau County, NY

Seller Financing Available
Open to forming partnership-Leading NY Residential MORTGAGE BROKER

Asking Price:$850,000

Cash Flow:$350,415

Gross Revenue:$1,683,415





Open to forming partnership-Leading NY Residential MORTGAGE BROKER

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Business Description

Open to Forming Partnership - Leading NY Residential Mortgage Co.

Consistently recognized as a top mortgage broker nationally. Strong network of referral partners generate business from the city to the east end. Licensed with offices in Long Island, the Hamptons and Florida, too. Loan officers located throughout LI, Westchester, Queens and Palm Beach.

Detailed Information

The owner DOES NOT want to retire. Seller is open to discussion a new parternship arrangement. Owner wants to increase business while transitioning day to day work to a new owner. Seller stays, same telephone number for 25 years stays as does the name and the highly respected team.
The value of this mortgage broker is highlighted by the wholesale relationship with four dozen mortgage lenders! Just one example of a perfect buyer would be an out of NY mortgage bank which would get immediate state licensing, name recognition, in-place referral network and a team of seasoned pros ready from day one! Remember, the owner/seller wants to stay on. Current LOS database has over 10,000 loan records. Jumbo loans constitute significant % of business.
Growth & Expansion:
A buyer bringing technical savvy with digital marketing and implementing online applications, electronic signatures and implementing SEO in various directions would bring ROI.
Support & Training:
4 weeks
Reason for Selling:
new business

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Carey Davis

Business Listed By:
Carey Davis

Transworld Business Advisors of NY

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Transworld Business Advisors

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