A Sample Mortgage Brokerage Firm Business Plan Template

 

business plan mortgage broker

Claremont Funding mortgage broker business plan executive summary. Claremont Funding is a mortgage brokerage serving the lending needs of real estate . Mortgage Broker Business Plan MLD Form Rev. 12/18/ Page 2 of 2. If yes, attach a detailed description of how you will advertise or solicit private investors to invest in or fund loans and include a. The purpose of this business plan is to raise $, from an investor. The Mortgage Broker Company (“the Company”) is a business devoted to providing mortgage and lending services to a diverse market of people. The Team The Management team of the Company is an extremely knowledgeable, qualified, and.



Are you about starting a mortgage brokerage company? Okay, so we business plan mortgage broker considered all the requirements for starting a mortgage brokerage firm. Shelter remains one of the topmost needs of humans. No doubt, it might be a herculean task for the average person- especially those in the lower class and even the middle class of the society to save up the business plan mortgage broker money needed to purchase their own apartment, business plan mortgage broker.

But the good news is that with Mortgage brokerage firms, you are able buy your desire property and pay at your over a long period of time. In reality, if you must be successful with your Mortgage Brokerage business, business plan mortgage broker, you must expand business plan mortgage broker network and build a thriving relationship with both key players in the Real Estate Industry and banks. This is so because as a Mortgage brokerage operator, you will definitely depend on the corporation of both your bank and Real Estate firms to be able to make profits since all you get is commissions from the loan payments.

It is important to note at this juncture that if you are not careful with this kind of business, you might land yourself in trouble and be sued.

That is why you must follow due processes before securing a loan for your client. If you have clients that always default in their monthly payments, then you stand the chance of running out of business in no distant time. To secure yourself from any embarrassment, it is important that you buy liability insurance for your Mortgage Brokerage Business.

A good Business plan must be in place if you intend building any business that can survive the test of time. With a good business plan, you can easily attract investors and partners to help you realize your dream of establishing your own Mortgage brokerage firm. The truth is that you would definitely need to present a workable business plan to any investor you want to speak with to invest in your business. Besides, business plan mortgage broker a good workable business plan in place, you are certain of business growth and expansion.

Mortgage Brokerage firms are established with the sole aim of providing a convenient platform in form of long term loan to those who want to buy business plan mortgage broker own property. With the loan you get from the bank via a mortgage brokerage firm, you can finance any property of your choice, business plan mortgage broker, as long as you pass the screening and evaluation process.

The screening and evaluation is put in place so as to ensure that due process is followed before issuing a loan and the person receiving the loan must be credit worthy.

In other words, Mortgage Brokerage firms stand as the middle men between a Bank and Mortgage bank as the case may be and the individual or organization seeking business plan mortgage broker buy a property. The Mortgage Brokerage Services industry is indeed in a mature stage of its growth. The industry is business plan mortgage broker by growth in line with the overall outlook of the economy, business plan mortgage broker, consolidation from the largest players in the industry and wholehearted market business plan mortgage broker of industry products and services.

The Mortgage Brokerage services line of business will continue to be in high demand by business establishment and individuals in the United States, most especially as the number of businesses and the need for accommodation increases. The industry is responsible for the employment of well over 44, people. Experts project the mortgage brokerage services industry to grow at a 6. The establishment online brokerage firms in this industry that has a dominant market share in the United States of America are; Zillow and Lending Tree, business plan mortgage broker.

Over and above, starting a mortgage brokerage firm requires professionalism and good grasp of the financial and real estate market. Besides, you would need to get the required certifications and license and also meet the standard capitalization for such business before you can be allowed to start a mortgage brokerage firm in the United States; the industry is heavily regulated to guide against fraud and criminality.

We have been able to secure a standard office facility in the heart of the city. We will offer services such as brokering residential mortgages, brokering commercial and industrial mortgages, brokering home equity loans, brokering equipment financing arrangements, brokering vehicle loans, brokering residential mortgages online, brokering mortgage refinances online, brokering home equity loans online, business plan mortgage broker, providing an online mortgage marketplace and providing related mortgage cum loan advisory and consultancy services.

We are aware that to run an all — business plan mortgage broker and standard mortgage brokerage firm can be demanding which is why we are well trained, certified and equipped to perform excellently well.

We will offer standard and professional services to all to our individual clients, and corporate clients. We will ensure that we hire professionals who are well experienced in the mortgage brokerage and loan industry.

Pentagon Mortgage Brokerage Firm, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will cultivate a working environment that provides a human, business plan mortgage broker, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Our plan is to position the business to become one of the leading brands in the mortgage brokerage and loan brokerage services line of business in the whole of New York, and also to be amongst the top 20 mortgage brokerage firms in the United States of America within the first 10 years of fully launching the business. This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that Albany — New York is the right place to launch our mortgage brokerage firm before sourcing for clients from other cities in The United States of America, business plan mortgage broker.

Campbell Smith and his immediate family. Campbell Business plan mortgage broker has good grasp of the real estate and loan industry. He has well over 15 years of experience working at various capacities within the financial consulting industry with strong bias for mortgage in the United States of America, business plan mortgage broker.

Pentagon Mortgage Brokerage Firm, LLC is going to offer varieties of services within the scope of the mortgage brokerage and loan services industry in the United States of America and of course on the global stage. Our intention of starting our mortgage brokerage firm in Albany — New York is to business plan mortgage broker on the opportunities available in the city.

We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition, business plan mortgage broker. Our business offering are listed below. Our vision is to build a mortgage brokerage and loan services brand that will become the number one choice for individuals, business plan mortgage broker, business plan mortgage broker businesses and corporate clients in the whole of Albany — New York.

Our vision reflects our values: integrity, business plan mortgage broker, security, service, excellence and teamwork. Our business plan mortgage broker is to provide professional, business plan mortgage broker, reliable and trusted mortgage brokerage and loan services that assist individuals, start — ups, corporate organization, and non-profit organizations in sorting out their mortgage and loan related concerns.

We will position the business to become one of the leading brands in the mortgage brokerage and loan services line of business in the whole of Albany — New York, and also to be amongst the top business plan mortgage broker mortgage brokerage and loan services firms in the United States of America within the first 10 years of operations.

Pentagon Mortgage Brokerage Firm, LLC, is a mortgage brokerage and loan services firm that intend starting small in Albany — New York, but hope to grow big in order to compete favorably with leading mortgage brokerage and loan services firms in the industry both in the United States and on a global stage. We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own.

This is why we are committed to only hire the best hands within our area of operations, business plan mortgage broker. Ordinarily we would have settled for two or three staff members and settle for just online business plan mortgage broker brokerage services, but as part of our plan to build a standard and world class mortgage brokerage and loan services firm in Albany — New York we have perfected plans to get it right from the beginning.

The picture of the kind of mortgage brokerage and loan services business we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Albany — New York as long as they are willing and ready to work with us to achieve our business goals and objectives. At Pentagon Mortgage Brokerage Firm, LLC, we will ensure that we hire people that are qualified, hardworking, and creative, result driven, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders the owners, workforce, and customers.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company.

In view of the above, business plan mortgage broker, we have decided to hire qualified and competent hands to occupy the following positions;, business plan mortgage broker. Pentagon Mortgage Brokerage Firm, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well — structured mortgage brokerage and loan services firm business plan mortgage broker can favorably compete in the highly competitive mortgage brokerage market in the United States and the world at large.

Aside from our robust business network with financial lending institutions and players in the real estate industry, our core strength lies in business plan mortgage broker power of our team; our workforce. We have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details and to deliver excellent returns for the business.

We are business plan mortgage broker positioned and we know we will attract loads of clients from the first day we open our doors for business. As a new mortgage brokerage and loan services firm in Albany — New York, it might take some time for our organization to break into the market and gain acceptance especially from corporate clients in the already saturated mortgage brokerage services industry; that is perhaps our major weakness.

So also, we may not have enough budget to give our business the kind of publicity we would have loved to. As a standard and well — positioned mortgage brokerage and loan services firm, we are well — equipped and ready to take advantage of any opportunity that comes our way. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

The mortgage brokerage and loan services industry is indeed a very large industry and of course it is one industry that works for individuals and businesses across different industries, business plan mortgage broker.

If you are conversant with the trend in the mortgage brokerage and loan services industry, you will realize that loads of people are leveraging on the services provided by the industry to empower themselves and businesses.

The truth is that, without the services of players in the mortgage brokerage and loan services industry, it will be pretty difficult for some individuals and even start — up businesses to access loan or save — up to purchase a property. They are responsible for helping individuals and businesses bypass the bureaucracies involved in obtaining loans from banks and other financial institutions et al. Another notable trend in the mortgage brokerage and loan services industry is that in the last five years, the industry has performed impressively as a large reduction in unemployment boosted the revenue generated in the industry.

So also, the mortgage brokerage and loan services industry has benefited from the advancement of online platforms. Going forward, increasing product penetration and of course an expanding customer base is expected to drive growth in the industry.

The demographic and psychographics composition of those who need the services of mortgage brokerage and loan services firms cuts across individuals, small businesses and large corporations.

Pentagon Mortgage Brokerage Firm, LLC will initially serve small to medium sized business, business plan mortgage broker, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to be able to compete with the leading mortgage brokerage and loan service firms in the United States.

As a standard and licensed mortgage brokerage and loan service firm, Pentagon Mortgage Brokerage Firm, LLC offers a wide range of mortgage brokerage and loan related services hence we are well trained and equipped to services a wide range of clientele base. Our target market cuts across businesses of different sizes and individuals.

We are coming into the industry with a business concept that will enable us work with individuals, small businesses and bigger corporations in and around Albany — New York and other cities in the United States of America. Below is a list of the businesses and organizations that we have specifically designed our products and services for. Business plan mortgage broker are quite aware that to be highly competitive in the mortgage brokerage and loan services industry means that we should be able to make available easy to access mortgage loans; bypassing the difficult to business plan mortgage broker hurdles of obtaining loans from the bank and other financial institutions.

Pentagon Mortgage Brokerage Firm, LLC might be a new entrant into the mortgage brokerage and loan services industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified mortgage brokerage and loan services consultants in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare packages will be amongst the best within our category start — ups mortgage brokerage and loan services firms in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We are mindful of the fact that there is stiffer competition amongst mortgage brokerage and loan services firms in the United States of America, hence we have been able to hire some of the best business developer to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis, so as to be well equipped to meet their targets and business plan mortgage broker overall goal of the organization. We will also ensure that our excellent service deliveries speaks for us in the market place; we want to build a standard mortgage brokerage and loan service business that will leverage on word of mouth advertisement from satisfied clients both individuals and corporate organizations.

Our goal is to grow our mortgage brokerage and loan services firm to become one of the top 20 mortgage brokerage and loan services firms in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the Albany — New York but also in other cities in the United States of America. Pentagon Mortgage Brokerage Firm, LLC is set to make use of the following marketing and sales strategies to attract clients.

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the hearts of our target market. We are set to take the mortgage brokerage and loan services industry by storm — which is why we have made provisions for effective publicity and advertisement of Pentagon Mortgage Brokerage Firm, business plan mortgage broker, LLC.

Pentagon Mortgage Brokerage Firm, business plan mortgage broker, LLC is established with the aim of maximizing profits in the mortgage brokerage and loan services industry and we are going to go all the way to ensure that we do all it takes to attract both corporate and individual clients on a regular basis.

Pentagon Mortgage Brokerage Firm, LLC will generate income by offering the following mortgage brokerage and loan services for individuals, real estate companies, NGOs and for corporate organizations. The fact that it is pretty difficult for the average individual and start — ups out there to obtain mortgage loans from banks and other financial institutions gives leverage to mortgage brokerage and loan services firms like ours.

This goes to show that the business plan mortgage broker to generate income for the business cannot be ruled out. We have been able to critically examine the mortgage brokerage and loan services market and have analyzed our chances in the industry and we have been able to come up with the following sales forecast, business plan mortgage broker. The sales projection is based on information gathered on the field and some assumptions that are business plan mortgage broker to startups in Albany — New York.

Below are the sales projection for Pentagon Mortgage Brokerage Firm, LLC, it is based on the business plan mortgage broker of our business and the wide range of mortgage brokerage and loan services that we will be offering. Please note that the above projection might be lower and at the same time it might be higher. At Pentagon Mortgage Brokerage Firm, LLC we will keep the prices of our services and commissions a little bit below the average market rate for all of our customers by keeping our overhead low and by collecting services charges in advance from corporate organizations and individuals who would hire our services.

In addition, we will also offer special discounted rates to all our customers at regular intervals. At Pentagon Mortgage Brokerage Firm, LLC our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them, business plan mortgage broker.

 

 

business plan mortgage broker

 

Mortgage Broker Business Plan MLD Form Rev. 12/18/ Page 2 of 2. If yes, attach a detailed description of how you will advertise or solicit private investors to invest in or fund loans and include a. A Sample Mortgage Brokerage Firm Business Plan Template. Business Overview; Mortgage Brokerage firms are established with the sole aim of providing a convenient platform in form of long term loan to those who want to buy their own property. Claremont Funding mortgage broker business plan executive summary. Claremont Funding is a mortgage brokerage serving the lending needs of real estate .