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No Mortgage Firms Among 100 Fastest Growing

Several real estate companies make cut

Aug. 17, 2018

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

Although there were several real estate companies on the list of this year's 100 fastest-growing firms, there were no mortgage-related firms and very few financial services businesses.

The Inc. 5000 is an annual ranking of the fastest-growing private U.S. companies. Organizations that make the list had the greatest three-year revenue growth.

At the top of the 2018 ranking was SwanLeap, a software company for the logistics industry that helps businesses plan and execute shipments of all kinds.

According to the report, 2017 revenues of $99 million represented three-year growth of more than 75,000 percent -- the best performance of any privately owned company.

A review of the top-100 companies on the Inc. 5000 list for this year revealed no mortgage-related companies and just three financial services firms.

In contrast, there were five firms classified as "real estate."

This year's highest-ranking mortgage-related company, No. 180, was Mortgage Financial Services in Flower Mound, Texas.

The 219-employee company generated 2017 revenues of $31.8 million, soaring 2,409 percent over the past three years. Last year, Mortgage Financial Services came in at No. 188.

No. 220 on this year's list was Meridian Appraisal Management. The Chicago-based firm, with just five employees, reported $2.7 million in 2017 revenues, soaring 2,127 percent.

Although Mortgage Daily didn't review the list beyond the top 500 firms, announcements were issued by No. 2,297 Gateway Mortgage Group LLC, No. 2,386 RoundPoint Mortgage Servicing Corp. and No. 3,239 New American Funding.

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

[email protected]

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