Silverton Mortgage Specialists, Inc.

What Silverton Mortgage Specialists, Inc. does

Silverton Mortgage Specialists, Inc. (legal entity Vanderbilt Mortgage and Finance, Inc., Tennessee; doing business as Silverton Mortgage) is a privately held, direct residential mortgage lender founded in 1998 by Josh Moffitt in Atlanta, Georgia. The company originates Conventional, FHA, VA, USDA, HomeReady, Jumbo, and adjustable-rate mortgages through an in-house lending platform that manages the entire loan lifecycle from application to closing, supplemented by a hybrid electronic-closing capability deployed across the 45 states where it operates. Its loan officers are organized around preferred-lender partnerships with national homebuilders (Oakwood Homes, Arbor Homes, Summit Homes), supported by dedicated regional offices in Colorado, Utah, and Kansas City.

The company monetizes primarily through origination, underwriting, and loan-related transaction fees, with secondary interest income on originated mortgages held in portfolio or sold to investors. Pricing is quote-based and not publicly disclosed; product tiers include a no-lender-fee VA loan and a Jumbo product up to $3.5 million. Beyond core lending, Silverton operates a Community Lending division that provides down payment assistance and credit counseling, a Homeownership & Finance Center in East Point, Georgia delivering financial education workshops, and the Silverton Foundation — a 2012-established nonprofit that has assisted 1,483 families with roughly 2,500 months of housing payments during medical crises.

Silverton is a subsidiary of Clayton Homes, the manufactured-housing conglomerate, which provides strategic balance-sheet backing. Headcount is reported in the 101–250 range, and customer satisfaction surveys report greater than 98% satisfaction on the loan process. The company was recognized in 2022 as a Top Workplace by Top Workplaces USA, Atlanta Business Chronicle, the Atlanta Journal-Constitution, and the Charlotte Observer, and holds the NAMMBA Accredited Social Impact Lender (ASIL) certification.

Name

Silverton Mortgage Specialists, Inc.

Legal name

Vanderbilt Mortgage and Finance Inc.

Website

https://silvertonmortgage.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Silverton Mortgage Specialists is a privately held, Atlanta-based direct residential mortgage lender operating in 45 states, originating Conventional, FHA, VA, USDA, Jumbo, and HomeReady loans primarily through preferred-lender partnerships with national homebuilders and an in-house end-to-end lending platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mortgage Origination Fees: Fees charged for originating mortgage loans, including origination fees, underwriting fees, and other loan-related charges. Revenue earned on each loan closed.
2. Interest Income: Interest earned on originated mortgages held in portfolio or sold to investors

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Silverton Mortgage Specialists, Inc. is a direct residential mortgage lender that originates and underwrites home loans through an in-house lending platform spanning application to closing. It offers a broad suite of mortgage products (Conventional, FHA, VA, USDA, HomeReady, Jumbo, ARM) along with pre-approval and closing-guarantee programs (Silverton Secure+), down payment assistance through Community Lending, and homebuyer education at the Homeownership & Finance Center.

Product overview

Silverton Mortgage Specialists, Inc. is a direct residential mortgage lender offering a comprehensive suite of mortgage products and services. The core product portfolio includes Conventional, FHA, VA, USDA, HomeReady, and Jumbo loan programs, supplemented by specialized offerings like Silverton Secure+ (pre-approval with closing guarantees) and Community Lending (down payment assistance). The company operates through its Homeownership & Finance Center for buyer education and supports The Silverton Foundation, a non-profit providing housing assistance to families with critically ill children. Loan programs range from standard fixed-rate mortgages to government-backed loans and adjustable-rate options (5/1 ARM, 7/6 ARM), with additional support through down payment assistance partnerships with state housing authorities.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Loans Traditional residential mortgage with as little as 3% down payment, cancellable monthly private mortgage insurance once 20% equity is reached, available in Fixed Rate and Adjustable Rate Mortgage options for individual homebuyers.
• FHA Loans Federal Housing Administration-insured loans allowing as little as 3.5% down for buyers with credit scores as low as 600, designed for first-time and credit-challenged homebuyers.
• VA Loans Mortgages for active duty military, veterans, and surviving spouses offering 100% financing (0% down) with no monthly mortgage insurance and no lender fees charged to eligible borrowers.
• USDA Loans Zero-down-payment mortgage option for properties in USDA-eligible rural and select suburban areas, backed by the USDA Rural Development Guaranteed Housing Program.
• HomeReady Mortgage Fannie Mae-backed low down payment mortgage (as little as 3%) with reduced mortgage insurance and no minimum borrower contribution, designed for first-time homebuyers with household income from relatives or other sources.
• Jumbo Loans Mortgage products for properties valued higher than conforming loan limits, up to $3.5 million, with lower down payment options for eligible borrowers purchasing luxury or high-value homes.
• Adjustable-Rate Mortgages Home loans with initial fixed interest rates followed by periodic adjustments based on market conditions, including 5/1 ARM (fixed for 5 years, annual adjustments) and 7/6 ARM (fixed for 7 years, adjustments every 6 months).
• Silverton Secure+ Pre-approval program that underwrites credit, income, and assets before a home is found, including a 60-day rate lock and a $1,000 On-Time Closing Guarantee to both buyer and seller.
• Community Lending Down payment assistance and flexible mortgage programs through a dedicated division, offering credit counseling, educational workshops, and connections to state housing finance agencies for low-to-moderate income and first-time homebuyers.
• Homeownership & Finance Center Education center offering in-person and online workshops on budgeting, saving, credit repair, and financial literacy to help prospective buyers prepare for homeownership.

Quantifiable outcome

• 98%+ customer satisfaction rate reported by client and real estate professional surveys
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves7 records

Broad incumbents

• Rocket Mortgage: Largest US mortgage originator and dominant direct-to-consumer brand; competes with Silverton in retail residential origination but operates with materially greater scale, technology investment, and brand recognition.
• United Wholesale Mortgage (UWM): Largest US wholesale mortgage lender serving independent loan originators; competes indirectly for the loan originator and builder-channel relationships that drive Silverton's volume, but at much larger scale and predominantly through wholesale rather than retail distribution.
• loanDepot: Publicly traded (LDI) national direct-to-consumer and retail mortgage lender with a broad product portfolio and consumer-brand focus; overlaps with Silverton in conventional/FHA/VA origination but operates at materially larger scale with D2C technology advantages.

Direct peers

• Guild Mortgage: Publicly traded (GHLD) residential mortgage lender with a purchase-heavy mix, builder relationships, and specialty programs for underserved borrowers — closely aligned with Silverton's product mix and channel strategy, and a useful public-market valuation reference.
• Movement Mortgage: Privately held residential mortgage lender known for strong builder-partner relationships and a mission-driven culture; directly comparable to Silverton's homebuilder-channel emphasis and private mid-sized positioning.
• Paramount Residential Mortgage Group (PRMG): Large privately held residential mortgage lender with broad product mix (Conventional, FHA, VA, USDA, Jumbo), retail and builder-channel distribution, and national geographic reach — directly comparable to Silverton in scale, channel mix, and private-company profile.
• New American Funding: Privately held mid-sized residential mortgage lender with a similarly strong focus on Hispanic and diverse-borrower segments, ITIN lending, and in-house processing — making it one of the closest private-market comparables to Silverton's business model and target customer base.
• Caliber Home Loans: National residential mortgage originator and servicer offering a similar mix of agency, government, and non-QM products through retail and wholesale channels; comparable to Silverton in product breadth and channel mix.
• Homepoint: Residential mortgage lender with retail and wholesale distribution focused on purchase-money originations; similar in scale and channel strategy to Silverton's retail-direct model, with overlap in builder- and agent-driven origination.
• NewRez (Rithm Capital subsidiary): Residential mortgage originator and servicer offering retail and wholesale agency and government products; comparable to Silverton in product mix, with the addition of a significant servicing portfolio that adds revenue diversification Silverton lacks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/silvertonmortgage
• Xx.com/silvertonmtg
• Facebookfacebook.com/silvertonmortgage
• LinkedInlinkedin.com/company/1593949

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silverton Mortgage Specialists, Inc.