Precision Home Loans

What Precision Home Loans does

Precision Home Loans is a private residential mortgage originator operating as a consumer-facing division of Alameda Mortgage Corporation (AMC), a Walnut Creek, California-based mortgage lender founded in 1968 (NMLS #271603). The company originates home purchase and refinance mortgages — including Fixed-Rate, FHA, VA, USDA, ARM, Jumbo, and Down Payment Assistance (DPA) products — and serves individual borrowers across 11 licensed U.S. states (California, Tennessee, Arizona, Georgia, Minnesota, North Carolina, North Dakota, Oklahoma, Oregon, South Dakota, and Texas). Distribution is delivered through a branch network of loan officers concentrated in California (Fresno, Elk Grove, Napa, Roseville, Yuba City, Walnut Creek, Visalia) and Nashville, Tennessee, supplemented by a secure online application portal, phone/email consultations, and a real-estate-agent referral channel.

The business model is transaction-based: revenue is generated through mortgage origination fees and the spread between origination and sale of loans to investors. Pricing is quote-based and not publicly disclosed; rates and terms are set through loan officer consultations and vary by borrower qualifications, loan type, and market conditions. The underlying technology is a cloud-based secure online portal that supports document upload, electronic disclosure signing, and real-time loan status tracking, integrated with PaySimple for one-time ACH mortgage payments. No mobile app, public API, or AI/ML capabilities are disclosed in source data.

Corporate leadership is held by the Karleskind family, with Patricia Karleskind serving as President of AMC. The executive team includes Chief Operating Officer Tim Larin (30+ years in mortgage), Chief Financial Officer Vadim Kligman (21+ years, recruited from Allied Mortgage Group), Chief Technology Officer Sam Sousa (since 2014, leading technology modernization), and Brian Kim as VP of Compliance and Licensing. Jim Elford is co-founder of the Precision Home Loans division and a 20-plus-year mortgage industry veteran previously with Wells Fargo Home Mortgage. The company is privately held with no disclosed outside funding.

Name

Precision Home Loans

Legal name

Alameda Mortgage Corporation

Website

https://precisionhl.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Home Loans is a private residential mortgage lender operating as a division of Alameda Mortgage Corporation, originating home purchase and refinance loans across 11 U.S. states through a branch-based loan officer network and a secure online application portal.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)

akta.pro secondary industries

Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), First-Time Homebuyer (FTHB) Mortgage Origination (FSALAAAG), Cash-Out Refinance Origination (FSALAAAF)

Keywords

• Mortgage lending
• Home loan origination
• Residential refinancing
• FHA loan services
• VA loan programs

Headquarters

HQ city

Fresno

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Origination: Precision Home Loans originates mortgage loans including Fixed-Rate, FHA, VA, USDA, ARM, Jumbo, and DPA products. Revenue is generated through loan origination fees and the spread between origination and sale of loans to investors.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Precision Home Loans originates residential mortgage loans for home purchase and refinancing, offering Fixed-Rate, FHA, VA, USDA, ARM, Jumbo, and Down Payment Assistance (DPA) products. Loans are delivered through a branch network of loan officers across California and Tennessee plus a secure online application portal that supports electronic document upload, e-disclosure signing, and real-time status tracking. As a division of Alameda Mortgage Corporation (NMLS #271603, founded 1968), the company is licensed to operate in 11 U.S. states.

Product overview

Precision Home Loans is a mortgage lending company offering a suite of residential loan products through its digital platform and branch network. Its core product portfolio consists of seven distinct loan types: Fixed-Rate Mortgages, FHA Loans, VA Loans, Adjustable Rate Mortgages (ARMs), Jumbo Loans, USDA Loans, and Down Payment Assistance (DPA) Loans. The company supplements its lending products with a secure online portal for document uploads, electronic disclosures, and status tracking, as well as a Quick Close process and mortgage payment processing via a third-party electronic payment service. These products collectively serve home purchase and refinance needs across multiple U.S. states.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed-Rate Mortgage A mortgage loan with a fixed interest rate for the entire life of the loan, providing stable and predictable monthly principal and interest payments; available in multiple term options for individual home buyers and refinancers.
• FHA Loan A government-insured mortgage backed by the Federal Housing Administration, offering flexible qualification requirements including lower credit score thresholds and down payments as little as 3.5%; targets individual home buyers who may not qualify for conventional financing.
• VA Loan A loan guaranteed by the Veterans Administration, available to military service members and their families, typically requiring little to no down payment, offering lower interest rates and flexible credit guidelines; also supports the VA IRRRL streamlined refinance for interest-rate reduction.
• Adjustable Rate Mortgage (ARM) A home loan with an interest rate that can fluctuate over the life of the loan, expressed in fixed/adjustment periods (e.g., 5/1, 7/1), typically offering lower initial rates compared to fixed-rate mortgages; for individual borrowers seeking lower initial payments.
• Jumbo Loan A mortgage loan that exceeds county lending limits, typically requiring stricter qualification standards including excellent credit, larger down payments, and substantial reserves; for individual borrowers purchasing or refinancing higher-balance properties.
• USDA Loan A government-backed loan offered through Rural Housing Services (RHS) for rural properties and eligible low-to-moderate income borrowers, providing 100% financing with no down payment requirement; for individual buyers purchasing homes in eligible rural and suburban areas.
• Down Payment Assistance (DPA) Loan A program providing percentage-based assistance on first mortgage loan amounts or sales prices to cover down payment and closing costs, administered through deferred-payment junior loans, including a School Teacher and Employee Assistance Program offering up to 4% of the home's sales price; for first-time home buyers needing help with down payment and closing costs.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

One partnership is on record.

• Alameda Mortgage CorporationcoreOthersPrecision Home Loans is a division/brand of Alameda Mortgage Corporation (NMLS #271603), a mortgage lender established in 1968. Alameda Mortgage provides corporate infrastructure, compliance oversight, licensing, and back-office support including loan servicing. The relationship allows Precision Home Loans to leverage the parent company's decades of industry experience and regulatory compliance infrastructure while maintaining a distinct consumer-facing brand.

Scale indicators2 records

Recent moves2 records

Expansion highlights6 records

Direct peers

• loanDepot: Large multi-channel retail mortgage lender offering conventional, FHA, VA, and USDA products through loan officers and a digital platform — directly comparable to Precision's branch + online model, though at materially greater scale.
• Guild Mortgage: Retail-focused mortgage lender with a strong branch network across the Western and Southern U.S., offering FHA, VA, USDA, and DPA programs. Closely comparable in geographic footprint (CA-heavy) and government-product specialization.
• American Pacific Mortgage: Privately held retail mortgage banker headquartered in Sacramento, CA, with a multi-state branch network offering FHA, VA, USDA, and conventional products. Highly comparable to Precision in California density and community-bank-style service model.
• NewRez (formerly New Penn Financial): Retail and wholesale mortgage lender offering FHA, VA, USDA, and conventional products through both direct-to-consumer and partner channels. Comparable in product breadth and digital-plus-loan-officer go-to-market.
• Caliber Home Loans: National retail and wholesale mortgage originator with strong FHA/VA/government-backed product mix and servicing operations. Comparable business model to Precision as a nondepository mortgage banker rather than a pure broker.
• Paramount Equity (Hometown Equity / Paramount Residential Mortgage Group): Privately held retail and wholesale mortgage banker with a national branch network emphasizing FHA, VA, and government-insured products. Closely comparable to Precision's product mix and multi-state branch model.
• Fairway Independent Mortgage: Privately held retail mortgage lender with hundreds of branches across the U.S., strong on FHA/VA/conventional products and a relationship-based loan officer culture. Closely comparable to Precision's small-shop, high-touch, multi-state branch strategy.

Broad incumbents

• Rocket Mortgage: Largest U.S. retail mortgage lender and the dominant direct-to-consumer fintech originator. Competes for the same borrower pool as Precision and defines the digital UX benchmark Precision must match; broader product portfolio and far larger scale.
• United Wholesale Mortgage (UWM): Largest U.S. wholesale mortgage lender and a major indirect channel; competes for origination volume that flows through independent brokers and loan officers. Indirectly comparable through the broader loan-officer ecosystem that Precision operates in.

Emerging players

• Better.com: Digital-first mortgage lender focused on streamlining the consumer refinance and purchase experience. Represents the direct fintech disruption risk to traditional branch-based lenders like Precision.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/precisionhl.austin
• LinkedInlinkedin.com/company/precision-home-loans
• Instagraminstagram.com/precisionhomeloans

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Precision Home Loans