Type- Community Bank
Offices- 1 State
Number of branch offices- 8
Location- Mid Atlantic
Business Channel- Traditional Retail Banking
Summary- This community bank does not currently have a mortgage company. They are looking to buy a small company and have the current owner staying on as president to run the mortgage company as a subsidiary of
Type- Community Bank
Offices- 1 State
Number of branch offices- 8
Location- Mid Atlantic
Business Channel- Traditional Retail Banking
Summary- This community bank does not currently have a mortgage company. They are looking to buy a small company and have the current owner staying on as president to run the mortgage company as a subsidiary of the bank. The bank may offer the seller an ownership interest in the mortgage company and/or stock in the bank. They are looking to acquire one mortgage company with yearly closed loan volume of between $100 million to $500 million.
Type- Independent Mortgage Banker (IMB)
Offices- 50 States
Number of branch offices- 50
Location- Entire USA
Business Channel-Distributed Retail
Summary- This IMB is a well-known and respected Top 20 Lender in the country. They are in an aggressive acquisition mode and are looking to buy multiple companies. They would prefer the owner stay on,
Type- Independent Mortgage Banker (IMB)
Offices- 50 States
Number of branch offices- 50
Location- Entire USA
Business Channel-Distributed Retail
Summary- This IMB is a well-known and respected Top 20 Lender in the country. They are in an aggressive acquisition mode and are looking to buy multiple companies. They would prefer the owner stay on, but for larger acquisitions would consider a one-time buyout from the current owner. This IMB is open to various structures of acquisition, including as an owned subsidiary, DBA, net branch, etc. The IMB may offer the seller an ownership interest in the mortgage company. They are looking to acquire multiple mortgage companies with yearly closed loan volume of between $100 million to $2 billion.
Type- Venture Capital Backed Company
Offices- N/A
Number of branch offices- N/A
Location- Entire USA
Business Channel- Distributed Retail
Summary- This VC backed company is looking to buy a mortgage company for a one-time upfront lump sum payment. They are open to the current owner either staying on or not. The seller must have all agencies a
Type- Venture Capital Backed Company
Offices- N/A
Number of branch offices- N/A
Location- Entire USA
Business Channel- Distributed Retail
Summary- This VC backed company is looking to buy a mortgage company for a one-time upfront lump sum payment. They are open to the current owner either staying on or not. The seller must have all agencies approvals, including Ginnie Mae. They are looking to acquire one mortgage company with yearly closed loan mortgage volume of between $1 billion to $3 billion yearly. They are willing to pay the higher of 1.5 times gross revenue, 7 times net earnings or 100 basis points on the last 12 months closed loan volume
Step 1- 30-minute introductory call with Milestone Mergers.
Step 2- Sign NDA with Milestone Mergers.
Step 3- Sign contract with Milestones Mergers.
Step 4- Sign NDA with buyer.
Step 5- Introductory Zoom meeting with buyer.
Step 6- Seller to provide due diligence items.
Step 7- Sign non-binding term sheet for purchase of company.
Step 8- Complete due diligence.
Step 9- Sign binding contract for purchase of company.
Step 10- Close on transaction.
Please contact us to discuss selling your mortgage company.
Gary Freedman
Managing Partner
Fairfax, VA 22030
Cell: 703-501-0500
Contact us at 703-501-0500 or schedule a 30-minute introductory meeting below.
Prospective buyers often prioritize companies with a strong financial performance and promising growth potential. Selling during a period of robust financial health can attract higher valuations and a broader pool of interested buyers.
Keeping an eye on industry trends and market conditions is essential. High demand for businesses in your sector can lead to better offers. Understanding the overall economic climate helps gauge potential buyers' appetite for acquisitions.
Evaluate the competitive landscape in your industry. A unique position or a competitive edge can make your company an attractive proposition for buyers seeking strategic advantages.
Understanding the market dynamics and accurately assessing your company's value are pivotal steps in the selling process. Effective market evaluation involves a combination of financial analysis, due diligence preparation, and collaboration with industry experts.
Seek guidance from industry experts and experienced advisors, such as investment bankers and legal professionals. Their insights can provide valuable perspectives on market conditions and the sales process.
Determine the type of buyer that aligns with your objectives, whether it's a strategic buyer, a competitor, a private equity firm, or a management buyout.
Anticipate and prepare for the due diligence process by organizing financial records, contracts, and legal documents. Proactive preparation streamlines the examination of your company's operations.
Engage in strategic negotiations to achieve the best deal structure. Consider factors like cash versus stock transactions, earn-outs, and non-compete agreements.
Successfully selling a company requires a multifaceted approach. By carefully evaluating the optimal timing, thoroughly assessing the market, and considering strategic elements, you can navigate the complexities of the process and maximize the value of your business in a competitive market.