Mortgage Lenders Do Well On Inc. 5000 List – NMP Skip to main content

Mortgage Lenders Do Well On Inc. 5000 List

David Krechevsky
Aug 17, 2021

CrossCountry, New American, RCN Capital Among Fastest-Growing Firms

KEY TAKEAWAYS
  • Annual Inc. magazine list ranks private U.S. companies based on 3-year revenue growth.

Inc. magazine has released its latest ranking of the 5,000 fastest-growing, private, U.S.-based companies, and a few mortgage-lending and real estate investment companies have made the list.

That includes CrossCountry Mortgage, a top 10 retail mortgage lender serving customers in all 50 states, which climbed 1,360 positions to 682nd on the list. It’s the eighth time since 2012 that the greater-Cleveland company has made the list. CrossCountry Mortgage’s ranking improved based on its 714% three-year revenue growth.

"Our employees are our number-one growth engine because they provide the best customer experience in the mortgage industry, hands down," said CrossCountry Founder and CEO Ronald Leonhardt Jr.

Mortgage lender New American Funding, of Tustin, Calif., made the list for the seventh time, this year ranking 2,145th.

While the Inc. 5000 honors companies based on their review growth over three years, and New American posted 202% growth over that period, last year was the best year in New American Funding's history, the company said. In 2020, it doubled its previous record lending volume, originating $30.5 billion in mortgages.

"Making Inc. 5000 again is a momentous achievement, and we could not have done it without the contributions of our outstanding team members," New American Co-Founder and CEO Rick Arvielo said. "We are proud to have achieved this distinguished award and of our continued growth as a top nationwide lender."

Meanwhile, RCN Capital of South Windsor, Conn., the leading nationwide private lender for real estate investors, was ranked 3,251st. The company, which recently opened offices in Charlotte, N.C., and Los Angeles, posted a three-year growth of 112%.

“The tireless efforts of every member of RCN have helped us to grow to where we are today, and their ongoing hard work and dedication continues to push the company to greater heights,” said Erica LaCentra, CMO of RCN Capital.

The top-ranked mortgage lender in the Inc. 5000 list is Nationwide Mortgage Bankers, ranked No. 117 with 3,520% three-year growth.  

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent — not subsidiaries or divisions of other companies — as of December 31, 2020. The Inc. 5,000 will be featured in the magazine’s September issue.

"Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we've lived through is just plain amazing," said Inc. Editor-in-Chief Scott Omelianuk. "This kind of accomplishment comes with hard work, smart pivots, great leadership and the help of a whole lot of people."

You can view the list here.

Published
Aug 17, 2021
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021