Looking for Debt/Equity Structure to continue the growth of a company with a proven track record of success.
Low Rate Co is a FINTECH mortgage bank, who funds loans on its warehouse lines and sells them to 3rd party investors. Low Rate Co is among the highest revenue per closed loan in the US (source), at over 13K revenue per deal. Low Rate Co originates, services and profits with its Low Rate, High Revenue System.
In 2023, arguably the worst rate year in mortgage, Low Rate Co remarkably increased its revenue per closed loan from 7K per unit (2022) to nearly 13K per unit (2023).
Low Rate Co is one of the few mortgage banks that can toast to growth in 2023, thanks to its Fintech Consumer Direct System.
The Low Rate Co "System" is extremely scalable and is built for the future of mortgage lending.
Given its success in 2023, with lower rates on the horizon, Low Rate Co is ready to grow.
LOW RATE CO MOTO “The faster loans close the more money we make”
78% of consumers go with the first person they speak to (source: google)
Low Rate Co Consumer Direct System
1.Consumer sees our add online “low rate, cash out, buy a home”
2.Consumer applies online 24/7 on our site w out a sales person
3.Consumer pulls their own credit, chooses their rate, and uploads conditions
4.Automated (Fannie mae/Freddie mac) approval is issued instantly
5.Loan Officer is THEN assigned after that loan has been originated for them
That Loan Officer is paid a salary & bonus vs commissions
RESULT: This makes the loan more profitable
Low Rate co will use funds to
1. Expand & Train Sales & Operations Teams
2. Obtain Fannie & Freddie agency approvals so it can sell loans direct, this allows for a pick up in revenue per loan of $1500-2200/extra
3. Bring underwriting in house to get its goal of closing average down to 10 days per closing.
Ready to Ask For Funding for your company?
Post a Funding Request