Ideal Mortgage, Inc

Raising the final $200,000 of the $800,000 needed for a start-up mortgage company. We're already in business and earning revenue.

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I launched Ideal Mortgage, Inc, www.Myidealmtg.com, in October 2023.  There are 5 financial investors, including myself and another partner, as well as three silent partners.  We've invested a total of $620,000.  We're only raising another $200,000.  This will be used for start-up costs and initial operating capital.  Full financials can be provided to any interested parties.  I'm the companies CEO and have 60% ownership, along with our CFO at 5%, COO at 10% and a top producing originator at 15%, he also invested cash into the business.  The other 10% is split among the silent investors.  
We're a correspondent lender/broker for residential mortgage loans.  This essentially means we will have our own warehouse line of credit, that we will loan out funds in our own name, but we'll have our investor partners, such as United Wholesale Mortgage, PennyMac and Freedom Mortgage underwrite and service our loans.  We will also broker loans to another 35-40 investors, such as, CMG, NexBank, Sierra Pacific and Angel Oak to name a few.  This business model allows us to keep costs low, provide industry leading interest rates and competitive compensation to our loan officers.  All of our loan officers are self-generating their own business and work with referral partners such as Realtors, builders, CPA's, CFP's and attorneys.
I've personally been in the retail mortgage space since 2001.  My CFO has been in this space since 2003 and my COO since 2003.  We have a wealth of knowledge, relationships and we're already generating revenue.  $250,000 of the funds invested will remain unused, as they are sitting in a CD account for reserves to acquire the state licenses needed to run our business.  We will have 18 states fully approved by the end of 2024.  The majority of our loan officers will be in CA, CO and TN, with loans being closed in those other states.
I personally have run successful regions as a Regional Vice President for several companies over the past 12 years and was fully responsible for all recruiting, training, coaching and overseeing operations during that time.  I can provide both written and verbal references if needed.
We are offering an equity stake in the company for $200,000 and are negotiable on the rate of return as well as timing.
Contact me directly to inquire.

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