“With this technology we can turn the script around. We will be able to offer so much value to our partners and we will give our partners and loan officials something that nobody has and to step into the future, “said Craig Snell, vice -president of sale at Milestone. “Our goal is to be number 1. That is what it has always been.”
Russell Petty, the founder of Willow in North Carolina (formerly Grow Mortgage), said he expected to do $ 1 billion to the original volume in 2025. “I know this won’t make us number 1, but we’ll come for you,” he said.
According to more than $ 600 million in volume in 2024, the wholesale companies combined, according to more than $ 600 million Ingenius facts.
Although they will compete with other large brokers such as NEXA MOOFO” C2 Financial” Swift Home Loans” Edge Home Finance And many others, Milestone Executives said that the biggest competition remains in the retail channel, that has more than 70% of the mortgage pie.
Bristol County Savings Bank Bought in Mijlpaal in 2022. Bristol has a federal registration and has given the lender the flexibility to introduce loan officials who do not yet have a license. Milestone has about 45 to 50 and expects to have around 200 by the end of the year, where they are accompanied by what managers describe as a very experienced operational staff.
“There are many $ 50 million to $ 100 million that do not want its own business, but want better technology,” Snell said. “Because their AI patented technology system places everything they need on one portal, they have a clear advantage.
“We want to grow by $ 1 billion a year until we get tired.”
