While there were no mortgage-related companies among the nation’s 100 fastest-growing private firms, there was a quartet that ranked among the top 1,000 — one with revenues exceeding a half billion dollars.
The highest-ranking company among all industries was Ultra Mobile, which reported three-year growth of 100,849 percent and 2014 revenue of $118.2 million.
Costa Mesa, California-based Ultra Mobile, which was founded in 2011, is in the telecommunications business. It employs 105 people.
The company’s standing was based on the Inc. 5000 annual ranking of the fastest-growing private companies in the country.
Unlike in the survey from a year earlier, when two mortgage-related firms (Michigan Realty Solutions and Centennial Lending Group)
were among the 100-fastest growing companies in America, none were on the top-100 list in the 2015 rendition.
The real estate sector, however, was well represented.
The highest-ranking mortgage-related firm on the Inc. 500 list was
Residential Bancorp, where its $21.9 million in 2014 revenue represented three-year growth of 1,349 percent.
North Canton, Ohio, Residential Bancorp, which landed at No. 349 among all industries, has added 203 jobs — bringing headcount to 217.
“A mortgage banker that provides a wide range of home financing options through retail and wholesale channels,” is how Inc. described the 26-year-old company.
Second among mortgage-related companies was Oak Mortgage Group. The Dallas-based mortgage broker, which ranked 482nd overall, reported that its revenues have soared 955 percent over the past three years to $8.9 million.
After adding 126 jobs, the decade-old firm’s staff consists of 137 employees.
That was it for mortgage-related entities on the Inc. 500.
Among the Inc. 1000 designees was Neighborhood Loans in Lombard, Illinois. The company, No. 705 overall, saw 641 percent three year growth, with $6.1 million in 2014 revenue.
Also on the list of the fastest-growing thousand was
loanDepot, where its 2014 revenue of $538.1 million represented 604 percent three-year growth.
loanDepot, founded in 2010, has added 3,092 jobs, bringing its total headcount to 3,737, according to the report. It was No. 746 overall.
Mortgage Daily didn’t review the results beyond the first thousand companies listed, but the Inc. 5000 did include The Credit Pros. The six-year-old company provides credit repair offerings that help consumers remove negative inaccurate items from their credit reports.
Over the past three years, The Credit Pros — which ranked 1217 on the full list — has pushed up revenue 345 percent to $3.9 million. In the process, 20 jobs were added, leaving 30 people on the payroll.
Appraisal management company CoesterVMS was on the full list. The Rockville, Maryland-based AMC reported 2014 revenues of $17.4 million, growing 212 percent and adding 55 jobs in the process. Headcount at No. 1868 was 65.
No. 2535 Centennial Lending Group had $5.8 million in 2014 revenues, giving it 147 percent three-year growth.
The Maple Glen Pennsylvania, mortgage banker was No. 64 overall last year.
