Friday, August 23, 2013

Charlotte mortgage lenders make Inc. 5000

The refinancing boom hasn't just been good for the big banks. The last few years have also been gangbusters for a couple of Charlotte mortgage lenders. Four of them ranked among the fastest-growing private companies in the nation last year, as cited by a prestigious business magazine.

Movement Mortgage, formally known as New American Mortgage, came in at No. 292 overall and tops among North Carolina finance and insurance sector companies. It posted revenue growth of 1,592 percent over the past three years -- hitting $92 million last year.

With revenue growth of about 467 percent over the past three years, First Financial ranked No. 934 on the Inc. magazine's annual Inc. 5000 list. The company was No. 20 among North Carolina firms. The magazine pegged its revenue at $34.1 million, up from $6 million in 2009. First Financial was founded in 1991 and employs nearly 200. The company said it closed $1.4 billion in loans last year, primarily in residential mortgages. It generates leads online and takes in referrals.

Wyndham Capital Mortgage was No. 1002, and at No. 3720.

Other Charlotte financial companies on the list include Horizon Investments and AmWins Group.


Rachel Matteson said...

Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. :)