Inc. magazine is out with its list of the fastest-growing companies in America, and there were four mortgage-related firms that ranked among the top 500.
The fastest-growing company among all industries was Loot Crate. The business, which was launched in 2012, provides consumer products and services.
With $116 million in revenues during all of 2015, the Los Angeles-based organization had whopping growth of 66,789 percent during the last three years.
“Sends a monthly themed mystery box of items — gadgets, art, apparel and gear — to over 600,000 subscribers, aiming to foster the kind of geek community found at Comic Con and other events,” Inc. said.
No. 25 on the overall list and the highest-ranking mortgage-related entity was Midwest Equity Mortgage. Its overall ranking improved substantially from last year, when it was No. 1,101.
The Oakbrook, Illinois-based company, which launched in 2006, reported $971 million in revenue for last year, giving it growth of 7,754 percent.
The second-highest ranking mortgage-related company and No. 372 on the overall list was Edina, Minnesota-based Edge Home Finance Corp.
With $4 million in 2015 revenues, Edge Home had three-year growth of 1,030 percent.
The business, which launched in 2011, “Provides home financial options and real estate investment opportunities,” according to Inc.
Close behind Edge Home was No. 375 Rain City Capital, which “Provides short-term loans for real estate investors to acquire distressed or atypical properties for investment.”
Kirkland, Washington-based Rain City generated $6 million in revenues last year, giving it growth of 1,025 percent during during the most-recent three-year period.
No. 450 on Inc. list was Revere Capital. The Dallas-based business reported $23 million in 2015 revenues, an 849 percent increase over three years.
Revere, which was launched in 2009,
is a “Real asset investment firm specializing in direct lending and acquisitions,” according to Inc.
While Mortgage Daily only searched through the top 500 companies, some other notable mortgage-related firms to make the Inc. 5000 list included:
- Movement Mortgage LLC, which landed at 1,127 with $363 million in revenues and 343 percent growth;
- No. 1,757 CoesterVMS, where $17 million in revenues gave it 212 percent growth;
- New American Funding, which landed at No. 2,283 overall with $379 million in revenues last year and 159 percent growth;
- and
No. 3,288 First Guaranty Mortgage, with revenues growing 101 percent to $100 million.
