Mega Capital Funding, Inc.

Name

Mega Capital Funding, Inc.

Legal name

Mega Capital Funding, Inc.

Website

https://mcfunding.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Mega Capital Funding is a privately held wholesale mortgage lender founded in 1998 that originates conventional, government, and non-QM loans through approved mortgage brokers and correspondent lenders across 40+ US states, leveraging an AI-powered MGenie assistant and the MGenius loan portal to support broker partners.

Ownership category

akta.pro rank

Product category

Wholesale Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)

Keywords

• Wholesale mortgage lending
• Non-QM loan programs
• Correspondent lending services
• Mortgage broker services
• Alternative documentation loans

Headquarters

HQ city

Calabasas

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Mortgage Origination: Mega Capital operates as a wholesale lender originating mortgages through mortgage brokers and correspondent lenders. The company earns origination fees on loans originated and sold to investors.
2. Loan Servicing: The company services loans including subservicing transfers, maintaining payment processing and borrower relationships.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Mega Capital Funding, Inc. is a wholesale and non-delegated correspondent mortgage lender that originates Conventional, FHA, VA, USDA, Jumbo, and Non-QM residential loans through approved mortgage brokers and correspondent lenders across 40+ U.S. states. The company funds and services loans, supports broker and correspondent submissions through a dedicated Account Executive team, and provides proprietary technology (MGenius loan portal and MGenie AI assistant) to streamline loan submissions, scenario analysis, and guideline support. Core revenue comes from origination fees on funded volume and from ongoing loan servicing fees.

Product overview

Mega Capital Funding is a diversified mortgage lender founded in 1998, offering a broad portfolio of loan products through both broker and correspondent channels. Their technology platform centers on the MGenius Loan Portal for loan management and MGenie AI assistant for instant guideline support. The core product suite includes Non-QM loan programs (Bank Statement, DSCR, 1099, P&L, Asset Utilization, WVOE), government loans (FHA, VA IRRRL, USDA), conventional/conforming loans, and second lien products (Express HELOC, Fixed 2nds, Closed-End Seconds). Programs range from standard full documentation to alternative documentation solutions designed for self-employed borrowers, real estate investors, and those with non-traditional income profiles.

Differentiator

Problem solved

Functional benefit

Products and services

• MGenius Loan Portal Smart loan portal for approved brokers to compare program options, view rates, run scenarios, and submit and manage loans, streamlining submissions and providing transparency from intake to funding.
• MGenie (Mortgage AI Assistant) On-demand mortgage AI assistant for approved broker partners providing instant, accurate answers to guideline inquiries, scenario matching, and product questions via the Zeitro Strata AI platform.
• Bank Statement Loans Non-QM loan program allowing self-employed borrowers to qualify using 12-24 months of personal or business bank statements instead of traditional W-2 or tax return income documentation.
• DSCR Loans Non-QM investor loan program qualifying real estate investors based on rental property cash flow (minimum DSCR ratio of 0.75) rather than personal income, supporting loans up to $2M with FICO as low as 660 under the expanded DSCR program.
• 1099 Income Programs Non-QM loan program for borrowers with 1099 non-traditional income sources, enabling qualification without W-2s or pay stubs, up to 90% LTV with 660 minimum FICO and 50% DTI.
• P&L Statement Loans Non-QM loan program using business Profit & Loss statements for income qualification, designed for business owners, up to 80% LTV with 660 minimum FICO and 50% DTI.
• Asset Utilization Loans Non-QM loan program allowing borrowers to qualify based on liquid asset holdings rather than traditional income proof, up to 85% LTV with 700 minimum FICO and 50% DTI.
• WVOE (Written Verification of Employment) Loans Employment verification-based loan program for borrowers with strong employment records lacking standard documentation such as recent pay stubs or W-2s.
• Express HELOC Home equity line of credit program using AUS approvals and AVM valuations with no appraisal required, enabling faster funding and reduced friction for brokers, up to $250,000 and 80% max CLTV.
• Fixed 2nd Mortgages Fixed second mortgage products allowing borrowers to access home equity without refinancing their first lien.
• Closed-End Second Mortgages Closed-end second lien loans up to $750,000 cash-out, available with full doc and alternative documentation types including Non-QM options, up to 90% CLTV with 660 minimum FICO.
• 1-Year Full Documentation Loans Conventional loan program qualifying borrowers using just one year of tax returns for those with fluctuating or non-traditional income, up to 90% LTV with 660 minimum FICO and 50% DTI.
• Simple MVP Program Streamlined mortgage program with minimal documentation requirements, quick reviews, and clear guidelines designed for faster broker submissions.
• Elite Non-QM Programs Premium-tier Non-QM offerings including Elite Bank Statement and 1099 programs with competitive rates and flexible terms for higher-quality non-QM borrowers.
• Expanded DSCR Program DSCR loan program with expanded underwriting flexibility, up to $2,000,000 loan amounts, FICO as low as 660, and DSCR ratios down to 0.80.
• VA IRRRL VA streamline refinance program allowing veterans to lower mortgage payments with no appraisal, no income documentation, and 100% LTV.
• Conventional, Jumbo, and Government Loans Traditional agency mortgage products including conforming Conventional, Jumbo, and Government-backed loans (FHA, VA, USDA) offered through Mega Capital's wholesale broker channel.
• Bank Statement Calculator Online self-service tool for approved brokers to submit bank statements and calculate qualifying income to structure deals correctly before full submission.
• Non-QM Scenario Desk Service allowing approved brokers to submit non-QM loan scenarios for quick review, feedback, and reliable execution with dedicated underwriter support before formal submission.
• Loan Servicing (including Subservicing Transfers) Post-closing servicing of originated and subserviced loans, including payment processing and borrower support, with servicing transfers handled in-house from Phoenix following the June 2025 transition from DMI.

Quantifiable outcome

• Surpassed $500 million in funded volume in October 2025
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Three partnerships are on record, tiered minor and core.

• DMI (Subservicing Transfer)minorOthers · 1 June 2025DMI performed subservicing for Mega Capital loans. Servicing was transferred back to Mega Capital Funding, Inc. (Phoenix, AZ) effective June 1, 2025 for improved servicing experience.
• MERS (Mortgage Electronic Registrations Systems)coreOthersRequired for correspondent lenders to have MERS number so loans can be sold within the industry. Correspondent bankers must obtain MERS number through eApplication.
• wemlominorStrategic or Co-development Partnerwemlo is a mortgage loan processing company and subsidiary of RE/MAX Holdings. While not a direct partnership, both companies operate in the mortgage processing space.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Kind Lending: Kind Lending is a newer wholesale and correspondent lender offering Non-QM and conventional programs to brokers; while smaller and earlier-stage than Mega Capital, it competes in the same broker-channel segments.

Direct peers

• Homepoint: Homepoint is a wholesale mortgage lender focused exclusively on the broker channel, offering conventional and government products comparable to Mega Capital's wholesale distribution model.
• Caliber Home Loans: Caliber operates a wholesale and correspondent platform with strong Non-QM capabilities, making it a direct comparable to Mega Capital's mixed agency-plus-NQM product set and broker-centric GTM.
• Angel Oak Mortgage Solutions: Angel Oak Mortgage Solutions is a Non-QM-focused wholesale lender specializing in bank statement, DSCR, and investor programs, providing the closest pure-play Non-QM comparison to Mega Capital's specialty products.
• United Wholesale Mortgage (UWM): UWM is the largest wholesale mortgage lender in the United States, operating a broker-only model that directly competes with Mega Capital for the same independent mortgage broker channel across agency and Non-QM products.
• Rocket Pro TPO: Rocket Pro TPO is the wholesale broker division of Rocket Mortgage and one of the largest wholesale lenders competing directly with Mega Capital for broker submissions across conventional, government, and Non-QM products.
• Carrington Wholesale: Carrington Mortgage operates a wholesale channel particularly strong in Non-QM and specialty programs, mirroring Mega Capital's focus on alternative documentation and investor borrower segments.
• NewRez: NewRez (formerly New Penn Financial) is a non-bank mortgage company with active wholesale and correspondent channels offering agency and Non-QM products in geographies overlapping Mega Capital's 40-state footprint.
• Plaza Home Mortgage: Plaza is a mid-sized wholesale and correspondent lender with a strong Non-QM and correspondent product portfolio, closely comparable to Mega Capital on size, product mix, and broker channel focus.
• loanDepot Wholesale: loanDepot's wholesale division serves independent mortgage brokers with conforming, government, jumbo, and alternative products, directly competing with Mega Capital for broker-sourced volume nationwide.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mega-capital-funding-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Mega Capital Funding, Inc.