The mortgage growth business plan takes shape depending on the mortgage service you offer. With more and more mortgage loan originations coming today from refinance applications and investors attempting to capitalize on the glut of properties available, the mortgage growth business can target consumers at any end of the market. Do you know whether you'd prefer to run a company that focuses on refinanced loans as opposed to first mortgages, or vice versa? Once you know what the crux of your service suite will be, you can analyze the market for your business with consideration to its industry and geographic region. Some questions to address include:
• What is the cost to consumers for the service and how are your fees paid?
• Will you service any commercial clients and if so, what is the ratio of your market segmentation?
• How would you personally define the market need?
• Can you identify your chief competitors in this space?
A typical mortgage growth business plan will estimate the financial performance of your business for a period of no fewer than three years. In fact, if you plan to submit for private investment or have a specific angel investor in mind, be prepared to show five years of revenues and expenses in the business plan draft. You also need to estimate the ROI for these parties, show a reasonable break-even point (preferably tied to market assumptions), and a net profit percentage at the end of the model that's in line with industry comparables. The business planners at MasterPlans can do this for you. The best in the industry, our team of market researchers and financial modeling gurus can get a great, custom plan to you in under 2 weeks. Call now. (877) 453-2011
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