Mortgage Origination and Portfolio Analysis Software and Patents
| Business Type | Mortgage Origination and Portfolio Analysis Software and Patents |
| Annual Revenue | $2,433,835 |
| Discretionary Earnings | |
| Asking Price | $20,000,000 |
| Ref ID# | FOR129 |
| Seller Financing | |
| FFE | |
| Inventory | |
| Location | Western States |
| Year Established | 1998 |
| Description | The mortgage origination software was originally created to satisfy HUD requirement so that referring entities could become originators and collect commissions from agents. The software has been used to originate +$3.6 Billion in loans (+11,500 loans). After the origination portfolio became too large to manage, the company created the portfolio analysis software to manage refinancing and other portfolio metrics. The software was designed around the needs of mortgage bankers, but could be used within retail banks, commercial banks, investment banks, brokerages, national registered investment advisors, national and multinational real estate companies, and CMBS/ MBS to originate and/ or manage virtually any type of loan or portfolio in both the primary and secondary market. The company selling the software has 5 patents and 1 patent pending which are included in the sale. The patents cover the loan origination processes and methods. The company selling the software has been in business since 1994 and the software has been in use since 1998 in 6 Western States. With the right buyer the software could be scaled up nationally or international virtually overnight. Revenues peaked during the housing boom at +11,900,000 USD, and have leveled off over the last 4 years around 2,500,000. 2007 - Revenues 2,696,574 2008 - Revenues 1,670,319 2009 - Revenue 2,433,835 2010 - Revenues are likely to exceed 2009 |
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