Among America’s 500 fastest-growing companies are a mortgage banker, a mortgage servicer and a property preservation service provider. A mortgage lead generation firm also made the list.
The ranking was based on the 2014 Inc. 5000 published by Inc. magazine and reflects privately owned firms with the greatest three-year increase in revenues.
At the very top of the list was Fuhu. The El Segundo, Calif.-based firm created an Android tablet for kids and an Adobe Air application that allows children to access the Internet in a parent-controlled environment.
Revenues during 2003 at Fuhu were $196 million, soaring 158,957 percent from revenues generated in 2010.
Among mortgage-related companies, Michigan Realty Solutions had the highest ranking: No. 47. Services that are provided by the Richmond, Mich.-based entity include clean-up and redevelopment of foreclosed properties.
Michigan Realty Solutions reported $6 million in 2013 revenues, skyrocketing 5,531 percent over the previous three years. It employs 40 people and has added 37 jobs in the previous three years.
Centennial Lending Group was No. 64 overall and the second fastest-growing mortgage-related company. The Maple Glen, Pa.-based company says it processes, underwrites and funds mortgages for purchase financing and refinancing.
Centennial’s revenue was $167 million in 2013, soaring from just $3 million in 2010. Headcount stood at 41 employees — 36 of whom were added during the past three years.
Third among mortgage-related companies was FreeRateUpdate.com, which was No. 283 on the full list. The lead generation firm brought in revenues of $8 million last year, soaring 1,612 percent from three years earlier.
Las Vegas-based FreeRateUpdate.com has a staff of 20 people, and 15 positions were added during the previous three years.
The only other mortgage industry player to make the Inc. 500 list, at No. 322, was Wingspan Portfolio Advisors, down from No. 23 in 2013. The distressed loan servicer had 2013 revenues of $120 million, exploding from just $8 million in revenues during 2010.
Dallas-based Wingspan reported headcount of 2,000 employees. It added 1,929 jobs over the previous three years.
“Our role in the industry has expanded and we are constantly looking for ways to add value for investors, servicers and lenders, leveraging our talented team of professionals and our 21st century technology,” Wingspan Founder Steven Horne said in a written statement. “I look forward to seeing this prestigious award in the company trophy case.”
Among the 5,000 fastest-growing companies was St. Louis-based Mortgage Returns, which noted in an announcement that it made the broader list three years in a row. Revenues at the customer relationship management service provider jumped from $2 million in 2010 to $6 million last year.
Farmington Hills, Mich.-based Atlantis Mortgage was No. 2,742 on the list with 2003 revenues of $3 million versus $1 million in 2010. The mortgage broker has a staff of 18 people and has added seven positions over the prior three years.
