What Developer's Mortgage does

Developer's Mortgage Company is a privately held, non-depository residential mortgage lender founded in 1980 and headquartered at 3435 Stelzer Road, Suite 1SA, Columbus, Ohio. The company originates Conventional, FHA, VA, USDA Rural Housing, Jumbo, and OHFA (Ohio Housing Finance Agency) loans, plus specialized products including HomeStyle and 203(k) renovation mortgages, HECM and H4P reverse mortgages, and rate-term, cash-out, and ARM refinance products. It is registered as an NMLS entity (#225548), approved as a HUD Mortgagee (#3836109998), a VA lender (#2555700000), and a Fannie Mae Seller, with state-level mortgage lending, brokering, and banking licenses across approximately 21 U.S. states. In Illinois, New York, and West Virginia the company operates under the assumed names DMC Funding and DMC Funding Company.

The company distributes through a five-branch physical network (Columbus OH, Huntingdon Valley PA, Melville NY, Cary NC, Tulsa OK) staffed by licensed loan originators, supplemented by direct-to-consumer digital channels including a website loan application portal and the My Home Loans mobile application (iOS/Android). The technology backbone is the third-party ICE Mortgage Technology loan origination and content-hosting platform, with secure document portals and encrypted email used for Nonpublic Personal Information exchange. Marketing and customer acquisition rely on a mix of direct digital channels, branch walk-ins, real estate agent and home builder referral partnerships (Trinity Homes, Homewood Homes, Columbia Title Agency), and educational content such as an online mortgage calculator suite covering amortization, rent vs. own, debt consolidation, refinance break-even, prepayment savings, and early payoff scenarios.

Revenue is generated through transaction-fee origination: fees collected at closing on purchase loans, refinances, second mortgages, renovation loans, and reverse mortgages, as a percentage of loan amount or flat fee. Pricing is quote-based and not publicly disclosed, varying by credit, loan amount, property, and market conditions. Customer segments are diversified across Veterans, first-time homebuyers, first responders, rural USDA buyers, Ohio LMI buyers, and general residential borrowers, with a hybrid segmentation approach and a stated focus on client education and expedited closings. Revenue and loan production figures are not publicly disclosed.

Name

Developer's Mortgage

Legal name

Developer's Mortgage Company

Website

https://developersmortgage.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Developer's Mortgage Company is a privately held, non-depository residential mortgage lender founded in 1980 and headquartered in Columbus, Ohio, originating Conventional, FHA, VA, USDA, Jumbo, and OHFA loans via five branch offices in OH, PA, NY, NC, and OK, licensed in 21 U.S. states.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Real Estate Credit (522292), Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Consumer Direct / Online Mortgage Origination (FSALAAAB)

akta.pro secondary industries

Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD), Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL), Reverse Mortgage Origination (HECM & Proprietary) (FSALAIAA), Rate-and-Term Refinance Origination (FSALAAAE)

Keywords

• Residential mortgage lending
• Home purchase loans
• Loan refinancing services
• Government-backed mortgages
• Reverse mortgage products

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Origination Fees: Revenue generated from originating mortgage loans including Conventional, FHA, VA, USDA, Jumbo, and OHFA loans. Fees are collected at closing as a percentage of the loan amount or flat fee.
2. Refinance Loans: Revenue from refinancing existing mortgages, including rate-term refinances and cash-out refinances
3. Renovation Loan Origination: Fees from HomeStyle Renovation, Limited 203(k), and Standard 203(k) rehabilitation mortgages

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Developer's Mortgage Company originates residential mortgage loans for individual consumers, offering Conventional, FHA, VA, USDA, Jumbo, OHFA, Renovation, Fixed Rate, Adjustable Rate, and Reverse Mortgage (HECM/H4P) products. The company also handles loan refinances including cash-out, rate-term, and ARM-to-fixed conversions. Services are delivered through five branch offices and digital channels (website loan application and My Home Loans mobile app).

Product overview

Developer's Mortgage Company is a mortgage lending company offering a comprehensive suite of residential mortgage products. The company provides Conventional, FHA, VA, USDA Rural Housing, Jumbo, and OHFA loans along with refinance options and specialized products like Renovation Loans (HomeStyle, 203(k) programs) and Reverse Mortgages (HECM/H4P). Customers can access services through the My Home Loans mobile app, a web-based Borrower App, and online mortgage calculators. The company operates multiple branch locations across Ohio, Pennsylvania, North Carolina, New York, and Oklahoma, serving borrowers in 21 states. Founded in 1980, the company has over a century of combined experience among its team members.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Loans Traditional non-government-insured mortgage loans for borrowers with good credit, offering lower interest rates, flexible mortgage insurance options, and fewer penalties.
• FHA Loan Programs Federal Housing Administration insured mortgages offering adjustable-rate and fixed-rate options with streamlined refinance capabilities for eligible borrowers.
• VA Loans Department of Veterans Affairs backed home loans for eligible Service Members, Veterans, and surviving spouses with no down payment requirement and lower closing costs.
• USDA Rural Housing Loans USDA-guaranteed loans for properties in designated rural areas offering 100% financing with no down payment required.
• Jumbo Loans Non-conforming mortgage loans for amounts above the FHFA conforming loan limit, enabling purchase of higher-value homes.
• OHFA Loans Ohio Housing Finance Agency loans including 30-year fixed-rate FHA, VA, USDA-RD, and Conventional mortgage options with down payment assistance for income-qualified buyers.
• Renovation Loans Loans combining home financing with renovation costs, including HomeStyle Renovation, Limited 203(k) for repairs up to $35,000, and Standard 203(k) for major structural renovations.
• Refinance Loans Loan refinancing options including cash-out refinance, rate/term refinance, and conversion from adjustable-rate to fixed-rate mortgages.
• Fixed Rate Mortgage Mortgages with constant interest rates for the entire loan term, available in 10, 15, 20, 25, or 30-year terms to protect against rising rates.
• Adjustable Rate Mortgage (ARM) Mortgage loans with interest rates that change periodically after an initial fixed-rate period, offering lower introductory rates suited for borrowers planning to move within 7 years.
• HECM and H4P (Reverse Mortgages) Federally-insured reverse mortgages backed by HUD, including Home Equity Conversion Mortgages (HECMs) for withdrawing home equity and H4P for purchasing a new primary residence using reverse mortgage proceeds.

Quantifiable outcome

• Expedited loan process with in-house tools and resources enabling quick and efficient closings

Named customers3 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

Integration3 records

Feature3 records

Partnerships

Three partnerships are on record, tiered minor.

• Trinity HomesminorStrategic or Co-development PartnerHome building partner listed on company website. Trinity Homes builds new homes and refers customers to Developer's Mortgage for financing needs.
• Homewood HomesminorStrategic or Co-development PartnerHome building partner listed on company website. Homewood Homes builds custom homes and refers buyers to Developer's Mortgage for mortgage financing.
• Columbia Title AgencyminorStrategic or Co-development PartnerTitle company partner providing title insurance and closing services. Columbia Title Agency works with Developer's Mortgage on real estate transactions.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Rocket Mortgage: Largest U.S. retail mortgage originator with nationwide branch and dominant direct-to-consumer platform - same product mix but vastly greater scale and technology investment; sets competitive ceiling.

Direct peers

• Guaranteed Rate: National retail mortgage lender with a comparable multi-state branch network, full government and conventional product suite, and similar hybrid digital-plus-branches distribution approach.
• Paramount Residential Mortgage Group (PRMG): Large independent retail mortgage lender operating through branch and direct-to-consumer channels with similar product mix including government, renovation and specialty programs at comparable scale.
• American Pacific Mortgage: Independent retail mortgage banker with branch network and full government/conventional product offering of comparable mid-market scale, similar multi-state licensing footprint.
• Embrace Home Loans: Mid-sized regional retail mortgage banker with multi-state presence and government-loan specialization, serving similar first-time buyer and refinance segments via branch and digital channels.
• Caliber Home Loans: Multi-channel non-bank mortgage lender offering a similar retail/correspondent product mix including Conventional, FHA, VA, USDA and specialty programs across multiple states.
• Plaza Home Mortgage: Independent mid-sized mortgage lender with retail and wholesale channels offering government, conventional, renovation and reverse products - directly comparable scale and product breadth.
• Fairway Independent Mortgage Corporation: Mid-sized independent retail mortgage banker with branch-based originators offering Conventional, FHA, VA, USDA, Jumbo and renovation products - directly comparable multi-channel retail model with similar product breadth.

Emerging players

• Mutual of Omaha Mortgage: Reverse mortgage specialist and broader retail lender; comparable on the HECM/H4P portion of Developer's Mortgage's product suite and a useful comp for the reverse-mortgage sub-line.
• Newfi Wholesale: Non-QM focused lender with similar government and renovation overlays; smaller and more product-narrow but overlaps in the specialty/non-prime residential mortgage origination space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Developer's Mortgage