Description of the business for sale
This Roseville company works as a mortgage broker however operates under the California Financial Lenders Law. This license allows them to operate in the Real Estate Mortgage business without a Real Estate Brokers License. The benefit of operating in this capacity permits agents to process loans without a Real Estate License; simplifying the recruiting process.
The company has a main office and 3 independent branch offices. They currently have 39 Loan officers along with 2 loan processors. They operate with 57 approved lenders and have the ability to close loans in over 40 states. They have a very successful business model which has been tested in all types of markets. The owners are willing to stay on for an extended period to assist with a smooth transition. The business is fully computerized and has a very sophisticated web site. This is an excellent opportunity for a financial minded individual.