Buying the Right Mortgage Business

Yes, we work with several lenders experienced in mortgage business transactions. Buyers will need to qualify based on credit history, experience, and other factors.

Sellers are very concerned about maintaining their confidentiality. You’ll need to sign a confidentiality agreement and follow a few steps in our process before a meeting can take place. This all can happen very quickly once both sides have decided there might be a good fit for a purchase.

There are a lot things to consider in order to find a practice where you will be successful. We have numerous resources to help you think through the process. Here are a few tools that may be especially helpful:

Guide to Choosing the Right Mortgage Business
Guide to Evaluating Mortgage Businesses for Sale
Buyer Scorecard
Register as a Buyer to Receive Notifications of Mortgage Businesses for Sale

Initial due diligence is conducted at a high level, and we can assist in gathering that information. Detailed due diligence occurs after the purchase agreement is signed. We want buyers to obtain the necessary information to make an informed offer. Once the agreement is finalized, buyers will have the opportunity to verify that the information received is accurate and complete. To learn more, read “Due Diligence.”

We discourage using letters of intent (LOIs), as they can sometimes complicate or hinder a deal. For more details, read “Should I Use Letter of Intent (LOI)?”

We recommend a relatively short transition period. Relationships cannot be handed off; the buyer will need to build their own connections.