21st Mortgage Corporation

What 21st Mortgage Corporation does

21st Mortgage Corporation is a Knoxville, Tennessee-based consumer lender that originates and services loans exclusively for manufactured and mobile homes, operating in 46 states plus the District of Columbia. Founded in 1995 by CEO Tim Williams and retired CFO Rich Ray, the company has scaled from four employees to more than 1,000 team members and self-reports being the nation's largest manufactured and mobile home lender for sixteen consecutive years, with sixteen MHI Lender of the Year Awards. Distribution is multi-channel: loan origination through a national network of manufactured home retailers, independent mortgage brokers, and a direct-to-consumer channel that combines an online application portal with phone-based inside sales.

Revenue is generated through three streams: loan origination fees and secondary-market loan sales (transaction-based), recurring loan servicing fees on the retained portfolio (subscription-style), and insurance commissions via the affiliated 21st Insurance Agency. The product suite spans purchase loans for new and pre-owned manufactured homes, refinancing, portfolio purchasing, retailer inventory floor-plan financing, broker services, and a pre-owned/repo home marketplace branded 21st Repos. Digital tools include a Payment Estimator, mortgage and amortization calculators, and a borrower servicing portal (MyLoan). No proprietary technology stack or AI/ML capabilities are disclosed in source materials.

The company operates several affiliated brands that extend its ecosystem beyond core lending: 21st Insurance Agency (mobile home, manufactured home, and auto insurance), 21st Community Lending (financing for manufactured home communities), 21st Repos (pre-owned listings), and a Commercial Insurance sub-brand at 21stmortgageiip.com. It holds NMLS #2280 and state-level lending licenses across its footprint. The company's careers page is hosted on Clayton Homes' Workday platform (claytonhomes.wd1.myworkdayjobs.com/21stmortgage), indicating likely affiliation with Clayton Homes, a Berkshire Hathaway subsidiary, though no parent relationship is explicitly disclosed in source materials.

Name

21st Mortgage Corporation

Legal name

21st Mortgage Corporation

Website

https://21stmortgage.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

21st Mortgage Corporation is a Knoxville-based consumer lender that originates and services manufactured and mobile home loans across 46 states plus DC, distributing through retailers, brokers, and direct-to-consumer channels with an integrated insurance and community-lending ecosystem.

Ownership category

akta.pro rank

Product category

Manufactured and Mobile Home Mortgage Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)

akta.pro secondary industry

Mortgage Loan Sales & Aggregation (Correspondent/Conduit Aggregators) (FSALAFAD)

Keywords

• Manufactured home lending
• Mobile home loans
• Mortgage origination
• Loan servicing
• Manufactured housing finance

Headquarters

HQ city

Knoxville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Origination: Originating manufactured and mobile home mortgages for consumers, generating revenue through origination fees and loan sales into the secondary market.
2. Loan Servicing: Servicing a portfolio of manufactured home mortgages, collecting monthly payments and managing escrow accounts for existing borrowers.
3. Insurance Services: Related 21st Insurance Agency offers mobile home, manufactured home, and auto insurance products.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

21st Mortgage Corporation is a full-service lender that originates and services manufactured and mobile home mortgage loans for individual consumers across the United States. The company funds purchases of new, pre-owned, and repossessed manufactured and mobile homes, refinancing of existing loans, and portfolio acquisitions, distributing through direct online and phone applications, manufactured home retailers, and independent mortgage brokers in 46 states plus the District of Columbia.

Product overview

21st Mortgage Corporation is a full-service lender specializing in manufactured and mobile home loans, operating as a single unified lending platform with multiple integrated modules. The core offering consists of loan origination and servicing for manufactured homes, supplemented by digital tools (Payment Estimator and Financial Calculators), insurance services (21st Insurance Agency), community lending, inventory finance for retailers, broker services, and an online borrower portal (MyLoan). The company also offers a pre-owned home marketplace (21st Repos) and portfolio purchasing services. Founded in 1995 and headquartered in Knoxville, TN, the company operates in 46 states and the District of Columbia.

Differentiator

Problem solved

Functional benefit

Brands

• 21st Mortgage: Primary brand for manufactured and mobile home lending services
• 21st Insurance Agency
• 21st Community Lending
• 21st Repos

Products and services

• Manufactured and Mobile Home Loans Full-service loan origination and servicing for manufactured and mobile home purchase, refinance, and portfolio acquisition, offered to individual consumers, manufactured home retailers, and mortgage brokers across 46 states plus the District of Columbia.
• 21st Insurance Agency Insurance products offered through 21st Mortgage's affiliated agency, including mobile and manufactured home insurance, auto insurance, and related lines, providing borrowers and manufactured housing customers with bundled coverage.
• Commercial Insurance Commercial insurance services offered through the related 21st Mortgage Insurance Industry Program for businesses operating in the manufactured housing industry.
• 21st Community Lending Dedicated lending platform serving manufactured home community operators with community-level financing programs, park model financing, and resident lending services.
• Inventory Finance Floor plan and inventory financing solutions for manufactured home retailers to fund their on-lot inventory of new and pre-owned homes.
• Broker Services Channel program for independent mortgage brokers to originate manufactured and mobile home loans through 21st Mortgage, providing access to specialized lending products and underwriting expertise.
• Mobile Home Portfolio Purchasing Program enabling manufactured home retailers and community operators to sell portfolios of existing mobile home loans to 21st Mortgage, providing liquidity and risk transfer.
• 21st Repos (Pre-owned / Repossessed Homes) Marketplace for locating pre-owned and repossessed manufactured and mobile homes available through 21st Mortgage's dealer and servicer network across the United States.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• 21st Insurance AgencycoreOthersRelated entity providing mobile home, manufactured home, and auto insurance. Cross-promoted on 21st Mortgage website as part of integrated homeownership ecosystem.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Clayton Homes: The largest U.S. manufactured home retailer and a Berkshire Hathaway subsidiary. Operates a captive financing platform and shares corporate infrastructure with 21st Mortgage (the careers portal routes to Clayton's Workday), making it the closest affiliated incumbent in manufactured housing lending.
• Flagstar Bank: Large national mortgage originator and servicer with manufactured housing exposure through its residential and consumer lending channels. Represents incumbent bank competition across the broader mortgage market that overlaps with 21st Mortgage's product set.
• Rocket Mortgage: Largest U.S. retail mortgage originator and a leading digital mortgage platform. While it does not specialize in manufactured homes, it competes for the same consumer mortgage demand and could expand into adjacent non-QM and manufactured products over time.

Direct peers

• Vanderbilt Mortgage and Finance: Another Berkshire Hathaway-owned manufactured and mobile home lender. Directly comparable product set (origination, servicing, retail and broker channels) and shared parent make it the closest head-to-head peer in the same niche.
• Triad Financial Services: Specialty manufactured housing lender offering origination and servicing through retailers and brokers nationwide. Competes for the same chattel and real-estate-secured manufactured home loan demand that 21st Mortgage serves.
• Cascade Financial Services: Manufactured and modular home lender offering chattel and real estate loans through dealer and broker channels. Directly comparable niche positioning to 21st Mortgage, particularly in the Western U.S.

Emerging players

• Live Oak Bank: Digital-first commercial bank with a specialty manufactured housing lending vertical and SBA programs. Comparable in targeting manufactured housing finance and community operator lending, with a more technology-forward origination platform.
• Credit Human: Member-owned credit union that has built a sizable manufactured housing lending program alongside its consumer and mortgage businesses. Represents a competitive depository alternative for manufactured home buyers.

Regional players

• 21st Century Financial: Specialty manufactured and modular home lender with strong regional concentration. Comparable chattel/real-estate product mix to 21st Mortgage, though smaller national footprint.

Others

• U.S. Mortgage Resolution: Specialty servicer and portfolio acquirer active in manufactured and chattel housing loans. Comparable servicing-side exposure and portfolio purchasing overlap with 21st Mortgage's servicing and Mobile Home Portfolio Purchasing business lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/21stmortgage_
• Facebookfacebook.com/21stMortgage

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 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 21st Mortgage Corporation