Neighborhood Loans

What Neighborhood Loans does

Neighborhood Loans, Inc. is a privately held, nationwide residential mortgage lender headquartered in Downers Grove, Illinois, founded in 2009 by Reno Manuele and Tony Ameti. The company originates purchase and refinance mortgages for individual homebuyers and homeowners across more than 40 licensed states, operating five physical branches (four in the Chicago metro area and one in Grand Rapids, Michigan) plus an online self-service application portal at portal.neighborhoodloans.com. Its product set spans Conventional, FHA, FHA Streamline, VA, USDA, Jumbo, and Adjustable Rate Mortgages, alongside GSE affordable products (Fannie Mae HomeReady and HomeStyle; Freddie Mac HomePossible) and Illinois Housing Development Authority programs including the 1st Home Illinois loan and three IHDAccess variants providing up to $10,000 in down payment assistance.

The business runs on a proprietary loan origination and servicing platform that supports online applications, document management, electronic signatures, and an in-house servicing operation that handles payment collection, escrow, and borrower hardship programs. Technology integration is limited to standard web analytics (Google Analytics); no AI/ML, APIs, or third-party intelligent automation is disclosed. Compliance infrastructure is material to the franchise: the firm holds NMLS license ID 222982, Equal Housing Lender status, and individual state mortgage licenses in 40+ states plus DC, with separate approval from the California Department of Financial Protection and Innovation.

Revenue is generated primarily through transaction fees on loan origination (FHA, VA, USDA, Conventional, IHDA, HomeStyle, and specialty products), supplemented by recurring loan servicing fees and ancillary income from the affiliated Neighborhood Insurance subsidiary. Distribution is hybrid: direct branch loan officers, an inside sales team handling inbound inquiries, a self-serve online portal, and a real estate agent referral network. The company markets through content/SEO on its website, local office presence, and earned media from workplace and growth accolades including Inc. 5000, Crain's Fast 50 (top 10), Fortune Best Workplaces, and a Great Place to Work certification.

Name

Neighborhood Loans

Legal name

Neighborhood Loans, Inc.

Website

https://neighborhoodloans.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Neighborhood Loans is a privately held, nationwide residential mortgage lender headquartered in Downers Grove, Illinois, originating purchase and refinance mortgages for individual homebuyers across 40+ states via five branches and an online application portal.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

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

akta.pro secondary industry

Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)

Keywords

• Residential mortgage lending
• Mortgage origination
• Home refinance loans
• First-time homebuyer loans
• Down payment assistance

Headquarters

HQ city

Downers Grove

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Origination Fees: Revenue generated from originating mortgage loans for homebuyers and homeowners refinancing. The company earns origination fees based on loan volume and interest rate spreads. This includes fees from various loan products including FHA, VA, USDA, Conventional, and specialty programs like IHDA and HomeStyle loans.
2. Loan Servicing: The company services loans in their portfolio, collecting monthly mortgage payments and managing escrow accounts. Servicing revenue includes servicing fees and interest income on escrowed funds.
3. Mortgage Insurance Services: Neighborhood Loans offers mortgage insurance products through their affiliated company Neighborhood Insurance, providing insurance services to borrowers as an additional revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Neighborhood Loans originates, underwrites, closes, and services residential first-lien mortgage loans for individual consumers across 40+ U.S. states, delivered through retail branches in Illinois and Michigan and a digital application portal. Its core menu spans conventional, government-backed (FHA, VA, USDA), Jumbo, adjustable-rate, and specialty programs such as Fannie Mae HomeReady, Freddie Mac HomePossible, HomeStyle Renovation, and Illinois Housing Development Authority (IHDA / IHDAccess) down-payment-assistance loans. The company supplements lending with affiliated title and homeowners insurance and ongoing loan servicing for closed loans.

Product overview

Neighborhood Loans operates as a nationwide mortgage lender offering a comprehensive suite of loan products and services. The core offerings include Conventional, FHA, VA, USDA, Jumbo, and Adjustable Rate Mortgages as primary loan products. The company serves as an approved lender for government-sponsored entities Fannie Mae (HomeReady, HomeStyle) and Freddie Mac (HomePossible), enabling them to offer specialized programs for low to moderate-income borrowers. Additionally, they offer IHDA (Illinois Housing Development Authority) programs including the 1st Home Illinois loan and three IHDAccess variants (Forgivable, Deferred, Repayable) providing down payment assistance up to $10,000. The technology platform includes an online mortgage application portal (portal.neighborhoodloans.com), mortgage pre-approval services, loan servicing, and affiliated insurance products through Neighborhood Insurance.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Down payment assistance up to $10,000 available through IHDA Access programs
• +2 more outcomes

Named customers3 records

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

Feature2 records

Partnerships

One partnership is on record.

• Neighborhood InsuranceminorOthersNeighborhood Insurance is an affiliated company offering insurance services to borrowers. Located at insurance.neighborhoodloans.com, this partnership allows Neighborhood Loans to offer bundled insurance products (homeowners insurance, etc.) to their mortgage customers as a value-added service.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Rocket Mortgage: Largest U.S. retail mortgage originator and the dominant digital mortgage brand. Not a direct branch competitor but a meaningful share-of-wallet threat given national brand, technology, and rate-product breadth.
• NewRez: Non-bank mortgage lender with retail, wholesale, and servicing platforms offering FHA, VA, USDA, and conventional products. Overlaps heavily on product and customer base but with national scale and direct-to-consumer digital capabilities.
• loanDepot: Large multi-channel mortgage originator (retail, wholesale, consumer direct) offering the full range of government and conventional products. Comparable end customer overlap but with a national digital marketing engine.
• United Wholesale Mortgage (UWM): Largest U.S. wholesale mortgage lender and a major retail originator. Competes indirectly for the same broker- and consumer-sourced loan volume, with significant technology investment that pressures smaller lenders' cost structure.
• Caliber Home Loans: Large non-bank mortgage originator and servicer with broad government and conventional product offerings. Comparable product mix and customer base, but at significantly greater origination scale.
• PrimeLending: National retail mortgage originator (PlainsCapital subsidiary) with broad product suite and large branch network. Comparable product breadth and target customer base, but operates at materially larger scale.

Emerging players

• Better.com: Digital-first mortgage lender targeting self-serve consumers with streamlined online origination. Represents the alternative model Neighborhood Loans' in-person branch strategy competes against for purchase mortgage share.

Direct peers

• Guaranteed Rate: Chicago-based private mortgage lender with a hybrid retail/wholesale model and multiple loan products including FHA, VA, USDA, and renovation. Most directly comparable peer given shared Chicago HQ, similar product breadth, and overlapping Illinois/Midwest footprint.
• Fairway Independent Mortgage: Mid-sized private mortgage lender offering a similar multi-product retail origination platform with branch presence across the U.S. Comparable in scale, product mix, and consultative retail go-to-market approach.
• Movement Mortgage: Privately held, fast-growing retail mortgage lender with multi-state branch footprint and a comparable suite of government and conventional loan products. Similar size and growth-stage profile to Neighborhood Loans.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nbrloans
• Facebookfacebook.com/neighborhoodloans
• LinkedInlinkedin.com/company/neighborhood-loans

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Neighborhood Loans