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3 Mortgage Firms Among US' 500 Fastest Growing

Several home lenders among 5,000 fastest growing companies

Aug. 17, 2017

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

Three mortgage businesses were among the 500 most rapidly growing companies in America. A few more residential lenders were among the 5,000 fastest-growing firms.

The fastest growing private company in the country this year is the developer of mobile streaming video game technology, according to the Inc. 5000 for 2017.

Skillz has developed a platform that enables users to host streaming video game tournaments. It also enables users to interact directly with other fans during live sporting events.

Revenues at San Francisco-based Skillz have skyrocketed 50,059 percent over three years to more than $54 million in 2016.

In real estate finance, just one mortgage banker made the top-100 list: Griffin Funding.

From its base in San Diego, the home lender makes loans guaranteed by the Department of Veterans Affairs. Mortgages are originated in Arizona, California and Hawaii.

Griffin was founded in 2013 and is led by William Lyons.

The 20-employee organization reported $5.2 million in revenues for last year, pushing three-year growth to 4,473 percent and landing it in 83rd position overall.

No. 2 among mortgage-related firms and No. 188 overall was Mortgage Financial Services in the Dallas-suburb of Flower Mound. With 211 employees, the business has driven revenues up 2,318 percent to $27.4 million.

Mortgage Financial Services, which is run by Brad Sullivan, climbed from No. 733 last year.

No. 3 was Arcus Lending in San Jose, California. Its six employees generated $2.2 million in 2016 revenues, giving it three-year growth of 988 percent and landing it in the 445th position overall.

Arcus is headed by Shashank Shekhar. It was founded in 2008.

While they didn't rank among the 500-fastest growing firms, announcements about making the Inc. 5000 list were issued by No. 1,272 Equity Prime Mortgage, which generated $63 million in revenues during 2016; No. 1,295 Movement Mortgage LLC, which reported $580 million in revenues for last year; and No. 1,664 New American Funding, where revenues were $492 million.

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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