Click n' Close
Click n' Close is a private multi-state residential mortgage lender operating exclusively through a correspondent and wholesale lending model, offering its flagship SmartBuy™ down payment assistance program to approved lender partners across 49 U.S. states via an integrated LOS-connected portal.
- Company typePrivate
- Founded1989
- HeadquartersAddison, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Click n' Close does
Click n' Close, Inc. (NMLS 150009) is a privately held, multi-state residential mortgage lender headquartered in Addison, Texas, operating exclusively through a correspondent and wholesale lending model rather than direct-to-consumer. The company was founded in 1989 as Mid America Mortgage and rebranded in 2022 following the sale of the majority of its retail operations, refocusing the business on mortgage technology and correspondent lending alongside the launch of an in-house servicing division. Its flagship product is SmartBuy™, a down payment assistance (DPA) program that pairs FHA, USDA, and 203k Limited first liens with forgivable or repayable second-lien options, differentiated by the absence of income restrictions and first-time homebuyer requirements and offered nationwide across 49 states (excluding New York).
The technology stack centers on the Click n' Close Correspondent Portal, built on Mortgage Machine, which integrates with the dominant loan origination and product-pricing engines in U.S. mortgage—Encompass by Ellie Mae (ICE), LoanLogics, and Optimal Blue—and supports eNote and eMortgage delivery with automated Funding Obligation Letters inside the Encompass/ICE closing package. Document exchange has migrated from Doc V to the Click n' File portal, and the company is implementing AI-driven technology for document review intended to reduce funding delays. Product breadth has expanded beyond DPA to include Shared Appreciation Mortgage (SAM), One-Time Close construction lending, 5/1 ARM products, Section 184 lending for Native American borrowers, 203k Limited, and 1-0 Temporary Buydown.
The business model is transaction-fee driven, with revenue generated from loan origination fees, lock desk pricing, and loan delivery charges paid by approved correspondent lenders using SmartBuy™ DPA and, increasingly, whole loan trading execution. Go-to-market is B2B channel-partner motion: approved correspondent lenders register loans through the portal, supported by a regional sales team covering the East Coast and Midwest and relationship managers handling onboarding and ongoing partnership management. Industry association memberships (MBA, The Mortgage Collaborative, TMBA, LendersOne) and a 2025 Texas MBA Pinnacle Award provide additional distribution credibility. Pricing is delivered through daily rate sheets from an internal Lock Desk with no off-sheet or publicly listed pricing.
Click n' Close firmographics
Firmographics- Name
- Click n' Close
- Legal name
- Click N' Close, Inc.
- Website
- https://clicknclosecorrespondent.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Click n' Close is a private multi-state residential mortgage lender operating exclusively through a correspondent and wholesale lending model, offering its flagship SmartBuy™ down payment assistance program to approved lender partners across 49 U.S. states via an integrated LOS-connected portal.
- Ownership category
- akta.pro rank
Click n' Close industry classification
Industry- Product category
- Correspondent Mortgage Lending
- NAICS
- Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)
- akta.pro primary industry
- Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)
- akta.pro secondary industries
- Down Payment Assistance (DPA) Credit Enhancement & Subsidy Programs (FSALAJAI), Government Wholesale Lending (FHA/VA/USDA) (FSALACAE), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE)
Keywords
Where Click n' Close is headquartered
LocationHeadquarters
- HQ city
- Addison
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Click n' Close business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Correspondent Lending - SmartBuy™ DPA: Click n' Close generates revenue through transaction fees and loan delivery charges from correspondent lenders using its SmartBuy™ DPA program. The company earns income from loan origination fees, lock desk pricing, and loan delivery services provided to approved correspondent lenders nationwide.
- Whole Loan Trading: Revenue generated through the expansion of the Whole Loan Trading division, which deepens secondary market presence and creates more consistent execution options for partners through correspondent relationships and institutional investor networks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | 3.5% and 5% second lien options with 10- or 30-year amortizations |
| Unit Pricing | Pay-as-you-go | 3.5% second lien option with 0% interest and no monthly payments |
| Unit Pricing | Pay-as-you-go | DPA 2nd Lien Rate - 7.99% |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Click n' Close product offering
Product offeringCore offering
Click n' Close is a private correspondent mortgage lender that purchases closed FHA and USDA loans from approved correspondent lender partners. Its flagship offering is the SmartBuy™ Down Payment Assistance (DPA) program, which pairs an FHA or USDA 30-year fixed first lien with a forgivable or repayable second lien to help borrowers cover down payment and closing costs. The company supplements this with niche government loan products, whole loan trading services, and digital tools that enable paperless eNote and eMortgage delivery.
Differentiator
Problem solved
Functional benefit
Brands
- SmartBuy™: Down payment assistance (DPA) program offering flexible options including forgivable and repayable second lien options for FHA and USDA loans, with no income restrictions or first-time homebuyer requirements.
Products and services
- SmartBuy™ Down Payment Assistance (DPA) Program Down payment assistance program offered exclusively through approved correspondent lenders, pairing an FHA or USDA 30-year fixed first lien with a forgivable or repayable second lien. Designed to help qualified borrowers cover down payment and closing costs with no income limits and no first-time homebuyer requirement.
- Shared Appreciation Mortgage (SAM) Mortgage product that lowers the borrower's monthly payment in exchange for a contractual share of the home's future appreciation, distributed through the correspondent channel as a SmartBuy™ alternative.
- One-Time Close Construction Lending
Companies that use Click n' Close
Customer profileSegments3 records
Ideal customer profiles1 record
Click n' Close technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature4 records
Click n' Close partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Launch Point Advisory GroupcoreStrategic engagement to expand Click n' Close's Whole Loan Trading division and grow its secondary market presence. Launch Point Advisory Group will help broaden the company's institutional and correspondent investor network.
- Christy SoukhamneutcoreNearly three decades of mortgage banking experience with senior leadership roles at major institutions. Christy Soukhamneut will focus on expanding correspondent relationships and scaling whole loan execution across Click n' Close's product mix.
- The Mortgage Collaborative (TMC)coreTrusted partner and association member providing access to a network of independent mortgage bankers. Click n' Close maintains active membership and participation in TMC programs.
- Mortgage Bankers Association (MBA)corePremier mortgage industry association membership providing industry leadership, networking, and secondary market visibility. Company participates in MBA Secondary conferences.
- Texas Mortgage Bankers Association (TMBA)coreRegional industry association membership with recognition as 2025 Pinnacle Award recipient. Active participation in TMBA events and programs.
- LendersOneminorStrategic alliance with LendersOne coalition of mortgage lenders providing collaborative purchasing power and industry resources.
- Encompass by Ellie MaecoreTechnology integration enabling Click n' Close documents and Funding Obligation Letters within the Encompass/ICE platform for seamless loan processing and automated workflows.
Scale indicators2 records
Recent moves8 records
Expansion highlights7 records
Click n' Close competitors and assessment
Company assessmentDirect peers
- Down Payment Resource: Operates a national database and technology platform connecting lenders to down payment assistance programs. Comparable to Click n' Close as a B2B infrastructure provider serving the DPA distribution layer between lenders, programs, and homebuyers, though operating as a directory/technology platform rather than a balance sheet lender.
- Homebridge Financial Services: Wholesale and correspondent mortgage lender offering a range of DPA-eligible products through its broker/correspondent network. Comparable to Click n' Close as a nonbank lender with wholesale/correspondent distribution that participates in the same government-backed DPA ecosystem.
- Plaza Home Mortgage: Wholesale and correspondent lender with strong presence in government loan programs (FHA, VA, USDA) and a network of approved third-party originators. Comparable to Click n' Close in operating a correspondent channel with focus on government-backed first liens and embedded second-lien DPA products.
Broad incumbents
- Caliber Home Loans: Large nonbank mortgage originator and servicer with correspondent, wholesale, and retail channels, including government-backed DPA and down payment assistance offerings. Comparable as a broad correspondent competitor with overlapping product set, though substantially larger and more diversified than Click n' Close.
- NewRez (formerly New Penn Financial): Top-10 nonbank mortgage originator with wholesale and correspondent divisions offering government and DPA products. Comparable in operating a correspondent platform that competes for the same third-party originator relationships, with materially larger scale and product breadth.
- UWM (United Wholesale Mortgage): Largest U.S. wholesale mortgage lender, serving independent mortgage brokers with conventional, government, and DPA-eligible products. Comparable as a wholesale/correspondent competitor where SmartBuy™'s approved correspondent lenders could overlap, though UWM operates at vastly greater scale.
- Rocket Pro TPO (Rocket Mortgage wholesale): Wholesale division of Rocket Mortgage providing brokers with government, conventional, and DPA products through a major correspondent/partner network. Comparable as a competitor for correspondent mindshare, with significantly larger balance sheet and brand.
Emerging players
- Kiavi (formerly LendingHome): Specialty private real estate lender offering bridge and rehab financing with technology-enabled origination. Comparable only partially — both are nonbank lenders using technology to differentiate in specialty mortgage segments, but Kiavi focuses on investor rehab rather than owner-occupied DPA.
Others
- Notarize: Digital closing and remote online notarization platform used across the mortgage industry. Comparable as an adjacent technology provider — Click n' Close's eNote/eMortgage and Click n' File workflow strategy depends on similar digital closing infrastructure providers.
- ICE Mortgage Technology (Encompass): Owner of Encompass loan origination system that Click n' Close integrates with directly for automated Funding Obligation Letters. Comparable as an enabling ecosystem participant — Click n' Close's correspondent distribution efficiency is tightly coupled to ICE's platform penetration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Click n' Close social profiles
Digital presenceClick n' Close financial estimates
Financial estimateRevenue estimate
Valuation estimate
Click n' Close leadership team
Management profileNumber of profiles
Profiles10 records
Click n' Close funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Click n' Close M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Click n' Close
What does Click n' Close do?
Click n' Close is a private correspondent mortgage lender that purchases closed FHA and USDA loans from approved correspondent lender partners. Its flagship offering is the SmartBuy™ Down Payment Assistance (DPA) program, which pairs an FHA or USDA 30-year fixed first lien with a forgivable or repayable second lien to help borrowers cover down payment and closing costs. The company supplements this with niche government loan products, whole loan trading services, and digital tools that enable paperless eNote and eMortgage delivery.
Is Click n' Close a public or private company?
Click n' Close is a private company. It is classified as unknown and is currently operating.
When was Click n' Close founded?
Click n' Close was founded in 1989. It employs 11 to 50 people.
Where is Click n' Close based?
Click n' Close is headquartered in Addison, United States, in the North America region.
How does Click n' Close make money?
Two revenue lines are on record. Correspondent Lending - SmartBuy™ DPA is the primary driver. The others are whole Loan Trading.
Who are Click n' Close's main competitors?
Direct peers on record are Down Payment Resource, Homebridge Financial Services and Plaza Home Mortgage. Broad incumbents are Caliber Home Loans, NewRez (formerly New Penn Financial), UWM (United Wholesale Mortgage) and Rocket Pro TPO (Rocket Mortgage wholesale). Kiavi (formerly LendingHome) is listed as an emerging player. Others are Notarize and ICE Mortgage Technology (Encompass).
Does Click n' Close have an API?
No public API is recorded for Click n' Close.
What industry is Click n' Close in?
Click n' Close's product category is Correspondent Mortgage Lending. Its primary akta.pro industry code is FSALAAAM, Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination, with a secondary code of FSALAJAI, Down Payment Assistance (DPA) Credit Enhancement & Subsidy Programs. Its NAICS code is 522292 and its SIC code is 6162.