Mortgage Funding Corporation of America

What Mortgage Funding Corporation of America does

Mortgage Funding Corporation of America is a privately held Ohio-based firm, founded in approximately 1991 (with a conflicting firmographic record indicating 2000) and operating under the trade name 'Mortgage Funding,' that purchases private real estate contracts — including land contracts, deeds of trust, and other private mortgages — from holders for cash. The company targets individual property sellers holding installment notes, offering a lump-sum cash payout in exchange for the note, with the company assuming ongoing collection responsibilities, default/foreclosure risk, and the associated paperwork burden. The firm serves primarily individual note holders in Ohio, with secondary reach into referral partners such as real estate agents, attorneys, and financial advisors who introduce clients in exchange for referral fees.

The business is structured as a single core service line — private mortgage note purchasing — supported by two ancillary touchpoints: a Free Contract Evaluation form that collects contract terms for market value quoting, and a Referral Program that pays partners $500 per closed deal. There is no disclosed proprietary technology platform; contract evaluation, underwriting, and quoting are performed manually by in-house Investment Analysts, with a stated 24-hour quote turnaround and an approximately 30-day closing cycle coordinated through third-party title and escrow companies. The company emphasizes its investor network and nearly 25 years of industry experience as the primary basis for delivering 'maximum cash payouts' to sellers, and explicitly states it pays all closing costs on behalf of sellers.

Revenue is generated from the spread between the discounted price paid to acquire each note and the underlying value of the contract (including principal balance and future interest streams collected over the remaining contract life). The firm operates with 1-10 employees out of a PO Box in Rocky River, OH, with no external funding, no parent company, no institutional investors, no partnerships or alliances disclosed, and no patents, awards, or regulatory actions on record. Distribution is conducted exclusively through direct response channels — a toll-free phone line (877-935-3400) and the online evaluation form — with no identified digital advertising, content marketing, or social media presence.

Name

Mortgage Funding Corporation of America

Legal name

Mortgage Funding Corporation of America

Website

https://mortgagefundcorp.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Mortgage Funding Corporation of America is a private Ohio-based firm that purchases private mortgage notes, land contracts, and deeds of trust from individual holders for cash. Founded circa 1991 by Larry Rodgers, it serves Ohio-based property sellers seeking to liquidate installment contracts into a lump-sum payout.

Ownership category

akta.pro rank

Product category

Private Mortgage Note Purchasing

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Real Estate Dealers (For Their Own Account) (6532), Mortgage Bankers & Loan Correspondents (6162)

akta.pro industry

PRIMARYFSAEAEAH

Hard Money & Private Mortgage Lending Intermediation

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Mortgage Brokerage & Loan Intermediation

SECONDARYFSAKAHAG

Real Estate / Property-Backed Marketplace Lending (Non-mortgage)

Financial & Insurance/Lending & Consumer Finance/Peer-to-Peer (P2P) & Marketplace Lending

Keywords

• Private mortgage notes
• Land contracts
• Deeds of trust
• Note purchasing
• Real estate contracts

Headquarters

HQ city

Rocky River

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Private Mortgage Note Purchasing: The company purchases private mortgage notes (Land Contracts, Deeds of Trust, and other private mortgages) from holders at a discount, providing them immediate cash. Revenue is generated from the spread between purchase price paid to sellers and the underlying value of the notes, including interest payments collected over the life of the contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Mortgage Funding Corporation of America purchases private real estate contracts — specifically Land Contracts, Deeds of Trust, and other private mortgages — from individual note holders for immediate cash. The company handles the entire transaction process including contract evaluation, underwriting, title and appraisal coordination, and closings at local title or escrow companies, paying all closing costs for sellers.

Product overview

Mortgage Funding Corporation of America operates as a single unified service offering focused on purchasing private real estate contracts and mortgages. The core product is the Private Mortgage Purchase Service, which acquires Land Contracts, Deeds of Trust, and other private mortgage types from property owners for cash. This is supported by a Free Contract Evaluation tool that allows online submission of contract details for quote purposes, and a Referral Program that enables partners to earn fees by referring potential customers. The company leverages nearly 25 years of industry experience and coordinates closing processes through local title or escrow companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Mortgage Purchase Services Cash purchase of private real estate contracts (Land Contracts, Deeds of Trust, and other private mortgages) from individual note holders. Includes contract evaluation, underwriting, title and appraisal coordination, and closing through local title or escrow companies. Closing costs are paid by the company.
• Free Contract Evaluation Online form for note holders to submit contract details (payment amount, contract term, property address, property type, sales date, current balance, interest rate, and purchaser credit) to receive a market value quote from an Investment Analyst, typically within 24 hours.
• Referral Program Partner referral program paying $250 upon registration and $500 at closing to real estate professionals, agents, attorneys, financial advisors, and other individuals who refer mortgage holders whose notes are subsequently purchased by the company.

Quantifiable outcome

• Contract evaluation quote provided within 24 hours of initial contact
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Kennedy Funding: Kennedy Funding is a broader hard money and private lending institution that, while primarily a direct lender, competes for adjacent private mortgage note and land contract business.
• NewRez (now part of Rocket Mortgage): NewRez is a large residential mortgage originator and servicer that participates in note purchasing/portfolio acquisition at scale, representing an institutional incumbent in the broader real estate credit space.

Direct peers

• Visio Lending: Visio Lending buys and services rental property mortgage notes, directly mirroring Mortgage Funding Corporation of America's whole-note purchasing model for owner-financed real estate.
• Lima One Capital: Lima One Capital purchases and originates residential real estate notes and buy-to-rent financing for investors, directly competing with Mortgage Funding Corporation of America in the private-note acquisition space.
• Civic Financial Services: Civic Financial Services (which acquired Lima One Capital) is an institutional buyer of residential mortgage notes, serving as a scaled direct competitor to Mortgage Funding Corporation of America.
• Amerinote Financial: Amerinote Financial purchases performing and non-performing mortgage notes from individuals, directly competing for the same private note holder customers.
• American Note Buyer: American Note Buyer purchases private mortgage notes, land contracts, and trust deeds from holders for cash, overlapping directly with Mortgage Funding Corporation of America's offering.
• NLC Loans: NLC Loans buys performing and non-performing mortgage notes nationwide, directly competing for the same private note holder customers as Mortgage Funding Corporation of America.
• HouseCashin: HouseCashin purchases seller-financed mortgages and land contracts for cash, offering the same core service as Mortgage Funding Corporation of America to individual note holders.
• Direct Note Services: Direct Note Services buys mortgage notes and land contracts from individual holders, providing cash payouts and servicing transfers in direct competition with Mortgage Funding Corporation of America.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mortgage-funding-corporation-of-america

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 Mortgage Funding Corporation of America