Mid Atlantic Funding

What Mid Atlantic Funding does

Mid Atlantic Funding Inc. is a privately held mortgage brokerage firm headquartered in Dunmore, Pennsylvania, founded in 2007 and led by Broker/Owner Anthony Barrett. The company originates residential mortgage loans — including home purchase loans, refinances, and cash-out refinances — through a network of wholesale lending partners, providing access to hundreds of mortgage products spanning conventional, FHA, VA, USDA, Jumbo (up to $2.5M), 203K renovation, HARP, ARM, and Reverse Mortgage (HECM) offerings. It is licensed to operate in seven U.S. states (PA, FL, SC, VA, WV, MA, AL), with a team of approximately eight loan officers, each carrying 20–28 years of industry experience. The firm also serves a real estate investor segment via DSCR and Non-QM loan products, and offers a Spanish-speaking service capability through Senior Loan Officer Elena Flynn.

Revenue is generated on a transaction-fee basis through mortgage origination fees and margins on loans closed, supplemented by a rate-match-or-beat guarantee that underpins its value proposition. The go-to-market motion is sales-led and inside-sales-driven: the company captures demand through digital channels (SEO-optimized loan product pages, educational blog content, and eight online calculators), a 100% online loan application platform, phone/email outreach, and in-person consultations at its Dunmore office. Target customer segments are horizontally distributed across first-time homebuyers, refinancing homeowners, real estate investors, and veterans/service members — with no enterprise or institutional customer concentration.

The firm operates with no proprietary technology stack; it relies entirely on third-party lending platforms and standard mortgage industry tools. No AI/ML capabilities, patents, proprietary data assets, or technology partnerships are disclosed. The company's competitive positioning rests on multi-lender product access, relationship-driven personalized service (including 24/7 availability and personal cell-phone access), speed to funding (typically within 30 days), and localized mid-Atlantic brand presence rather than technological differentiation.

Name

Mid Atlantic Funding

Legal name

Mid Atlantic Funding Inc.

Website

https://midatlanticfunding.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Mid Atlantic Funding Inc. is a privately held mortgage brokerage in Dunmore, Pennsylvania, licensed in seven U.S. states, that originates residential home purchase, refinance, and investor loans through a network of wholesale lending partners for individual consumers and real estate investors.

Ownership category

akta.pro rank

Product category

Mortgage Brokerage

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

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

akta.pro primary industry

Commercial Mortgage Brokerage (FSAEAEAB)

Keywords

• Mortgage brokerage
• Residential lending
• Home purchase loans
• Mortgage refinancing
• Loan origination

Headquarters

HQ city

Dunmore

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Mortgage Origination Fees: Company earns revenue through origination fees and margins on mortgage loans they originate. They work with multiple lending institutions offering hundreds of different mortgage products.
2. Rate Matching Program: Company offers to match or beat competitor estimates, indicating they earn revenue on loan originations through interest rate spreads and origination fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Mid Atlantic Funding Inc. is a regional mortgage brokerage that connects individual homebuyers and homeowners with a network of wholesale lending institutions to originate home purchase loans and refinance loans. The firm offers a comprehensive suite of loan products including conventional (30-year and 15-year fixed, ARM), government-backed (FHA, VA, USDA, 203K), Jumbo, HARP, and Reverse Mortgages, with typical funding within 30 days.

Product overview

Mid Atlantic Funding Inc. operates as a mortgage brokerage firm offering a comprehensive suite of home financing products and services. The company provides home purchase loans and refinancing solutions through multiple loan products including 30-Year Fixed Rate Mortgages, 15-Year Fixed Rate Mortgages, Adjustable Rate Mortgages (ARM), FHA Loans, VA Loans, Jumbo Loans, 203K Renovation Loans, USDA Loans, HARP Loans, and Reverse Mortgages. The company also offers digital tools including mortgage calculators (Home Affordability, VA Mortgage, Refinance, Rent vs Buy, DSCR, Seller Net Proceeds, Home Values, and standard Mortgage), pre-approval letter services, and a secure online loan application system. Mid Atlantic Funding has access to various lending institutions offering hundreds of mortgage products and aims to fund loans within 30 days.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Purchase Loans Mortgage financing for purchasing homes, including pre-approval letters and support for first-time and experienced buyers, sourced through the firm's network of wholesale lending institutions.
• Home Refinance Loans Refinancing solutions for existing homeowners to reduce interest rates, lower monthly payments, or access home equity through cash-out options.
• 30-Year Fixed Rate Mortgage Traditional fixed-rate mortgage with a constant interest rate and monthly payments, fully amortized over 30 years, intended for borrowers planning to stay in their home for seven years or longer.
• 15-Year Fixed Rate Mortgage Fixed-rate mortgage fully amortized over 15 years with lower interest rates than 30-year products, enabling faster homeownership payoff and equity building.
• Adjustable Rate Mortgage (ARM) Mortgage with periodically changing interest rates featuring lower initial rates, designed for borrowers planning to own the home for only a few years before selling or refinancing.
• FHA Loans Federal Housing Administration-insured mortgage loans requiring as little as 3.5% down payment, designed for borrowers with less-than-perfect credit or limited down payment funds.
• VA Loans U.S. Department of Veterans Affairs-guaranteed mortgage loans offering no down payment options for eligible American veterans and their surviving spouses.
• Jumbo Loans Loans exceeding the conforming loan limits set by Fannie Mae and Freddie Mac, with financing available up to $2.5 million for higher-value properties.
• 203K Renovation Loans FHA-backed renovation loans enabling buyers to finance both the purchase (or refinance) of a home and the cost of repairs within a single mortgage.
• USDA Loans United States Department of Agriculture loans for low- or moderate-income buyers in rural areas, featuring no down payment and low effective interest rates.
• HARP Loans Home Affordable Refinance Program loans for underwater and near-underwater homeowners, allowing them to refinance conventional mortgages without paying down principal.
• Reverse Mortgage FHA-insured HECM reverse mortgage loans for seniors aged 62 and older, allowing them to convert home equity into cash with no monthly mortgage payments.

Quantifiable outcome

• Loans typically funded within 30 days
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Better.com: Digital-first mortgage lender competing on speed and online experience. Comparable target market of home purchase and refinance borrowers, with similar self-service tools and calculator-driven acquisition.
• loanDepot: National mortgage lender and broker offering purchase and refinance products. Directly comparable in product breadth (Conventional, FHA, VA, Jumbo) and online application experience.
• Rocket Mortgage: Largest U.S. direct-to-consumer mortgage lender. Competes with Mid Atlantic Funding for the same residential purchase and refinance customers, though at vastly greater scale and with proprietary technology.
• NewRez (formerly New Penn Financial): Multi-channel mortgage lender with retail, wholesale, and servicing operations. Comparable in offering conventional and government loan products across multiple states.
• Caliber Home Loans: National retail mortgage lender offering purchase and refinance products across multiple states. Comparable in product breadth and multi-state licensing strategy.
• Guaranteed Rate: National retail and wholesale mortgage lender with strong digital presence. Competes for the same purchase and refinance borrower segments with comparable product breadth.
• Fairway Independent Mortgage: Retail mortgage lender operating across multiple states with a similar full product suite including FHA, VA, USDA, and niche programs. Comparable in branch-based model and customer service emphasis.
• CrossCountry Mortgage: Mid-sized retail mortgage lender with multi-state operations. Closely comparable in geographic licensing footprint, product mix (Conventional, FHA, VA, USDA, Jumbo), and relationship-driven origination model.
• Guild Mortgage: Retail mortgage lender with strong geographic reach and full product suite including niche programs. Comparable in customer-segment targeting (first-time buyers, low-down-payment) and FHA/VA specialization.

Broad incumbents

• United Wholesale Mortgage (UWM): Largest U.S. wholesale mortgage lender. Mid Atlantic Funding brokers loans through similar wholesale channels that UWM dominates; UWM is more of an upstream partner/competitor than a direct retail rival.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MidAtlanticMort

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Mid Atlantic Funding