Mortgage Field Services Industry
Business Description
National Mortgage Field Services (NMFS.com) has established itself as a leader in the mortgage field services industry with over 15 years of expertise. Our website is a reliable source of information and consistently appears on the first page of Google search results for mortgage field services. With a robust client base that includes 15 national clients and four regional companies, we receive daily inspection requests, solidifying our presence in the market.
Our extensive network comprises more than 800 inspectors across 42 states, and this number is steadily increasing. While NMFS has built a strong reputation, potential buyers must grasp the broader industry context.
In the current market, NMFS is one of the few companies that can achieve break-even status, but this is merely the starting point. The real opportunity lies in our potential for substantial national growth. A prospective buyer would need to pursue new business directly from banks and mortgage companies, as our clients are the national organizations that issue work orders.
To fully leverage this opportunity, NMFS must diversify into Property Preservation, representing 80% of the industry's revenue. While we specialize in property inspections, expanding our services to include lock changes, lawn maintenance, and clean-out operations is essential for maximizing growth.
The potential for national expansion could exceed $50 million, particularly with new ownership that comprehends the intricacies of the Default Mortgage Field Services Industry.
It is important to note that the current CEO will not be involved in this transition due to retirement. However, my committed team of four employees will remain, and there is room for negotiating individual salaries. Over the past 15 years, our gross sales have varied between $700K and $4M, influenced by economic factors and inspection volumes. We are seeking $3.2M for the business. Presently, we compensate inspectors at $6 per inspection, a rate that is negotiable, as the national average hovers around $4 per inspection.
NMFS is primed to become the next National in the mortgage field services. industry.
Our extensive network comprises more than 800 inspectors across 42 states, and this number is steadily increasing. While NMFS has built a strong reputation, potential buyers must grasp the broader industry context.
In the current market, NMFS is one of the few companies that can achieve break-even status, but this is merely the starting point. The real opportunity lies in our potential for substantial national growth. A prospective buyer would need to pursue new business directly from banks and mortgage companies, as our clients are the national organizations that issue work orders.
To fully leverage this opportunity, NMFS must diversify into Property Preservation, representing 80% of the industry's revenue. While we specialize in property inspections, expanding our services to include lock changes, lawn maintenance, and clean-out operations is essential for maximizing growth.
The potential for national expansion could exceed $50 million, particularly with new ownership that comprehends the intricacies of the Default Mortgage Field Services Industry.
It is important to note that the current CEO will not be involved in this transition due to retirement. However, my committed team of four employees will remain, and there is room for negotiating individual salaries. Over the past 15 years, our gross sales have varied between $700K and $4M, influenced by economic factors and inspection volumes. We are seeking $3.2M for the business. Presently, we compensate inspectors at $6 per inspection, a rate that is negotiable, as the national average hovers around $4 per inspection.
NMFS is primed to become the next National in the mortgage field services. industry.
About the Business
- Years in Operation
- 15
- Employees
- 800
- Facilities & Assets
- Each of my staff works from our home offices.
- Website
- https://NMFS.com
- Market Outlook / Competition
- As the largest Regional vendor to the industry, our fees to our clients are on average $8-$35 per inspection. We are one of the few companies that our clients will negotiate individual fees based on location and contractor availability. We have seen negotiated fees as high as $100 each if they have no other options but NMFS, because we can send an inspector there to get the job done. Turnover is high in this industry, at least for NMFS. We hire about 10-15 inspectors daily but we also fire about 5-10 daily as well.
- Opportunities for Growth
- NMFS has an extensive coverage list of available inspectors. Our clients visit this page about 400 times a day to see if we have the coverage they need. https://nmfs.com/home-2/nmfs-coverage-list/. This industry is based in a large part on the economy. Harder times results in more homeowners falling behind in their mortgage payments. There will always be inspections available. We currently receive about 5-10 thousand inspections monthly.
About the Sale
- Seller Motivation
- After 41 years servicing this industry, at 67, it's time for me to sell and reti
- Transition Support
- According to the IRS, as a company, we are not allowed to train Independent Contractors. I, (not NMFS) created a free online training course that has had over 152,930 registered students. About 35,000 views a month. There are 100 other companies who send their potential new inspectors to the site daily. The training site is at https://MortgageFieldServices.com
Listing Info
- ID
- 2263604
- Listing Views
- 2401
Business Location
Listing ID: 2263604 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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