Established in 1897, this correspondent mortgage lender is actively lending in four states with 34 loan officers. The company handles underwriting, closing and funding internally before selling loans on the secondary market, with an average loan size of approximately $400K.

The numbers: The $3.125M ask is based on $1.92M gross income / $959K cash flow, a roughly 50% cash-flow margin, or about 1.6x gross income and 3.3x cash flow. Seller financing is available to qualified buyers.

Why it’s interesting: The team includes underwriting, closing, funding, secondary-marketing and accounting support in addition to the 34 loan officers. The listing says key employees have 10–20 years of tenure, while the owner spends approximately one hour per day on mortgage-related work.

What to watch: The company is currently licensed and lending in four states and does not retain servicing rights after loans are sold. The listing headline also cites 88% YoY growth, but the provided details do not identify which metric that growth rate refers to.

Worth asking: What exactly does the reported 88% YoY growth measure, and what were the underlying prior-year and current-year figures?