Lamb Financial
- Company typePrivate
- Founded1990
- HeadquartersLincolnwood, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Lamb Financial firmographics
Firmographics- Name
- Lamb Financial
- Legal name
- Lamb Financial, LLC
- Website
- https://lambmortgage.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Lamb Financial industry classification
Industry- Product category
- Residential Mortgage Lending
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- Residential Mortgage Brokerage (Purchase & Refinance) (FSAEAEAA)
- akta.pro secondary industry
- Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)
Keywords
Where Lamb Financial is headquartered
LocationHeadquarters
- HQ city
- Lincolnwood
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Lamb Financial business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Mortgage Origination Fees: Revenue generated from origination fees charged on mortgage loans, typically ranging from 0.5% to 1% of the loan amount. Fees may be paid by buyer, seller, or rolled into loan costs.
- Interest Income: Revenue from interest on originated mortgages held or sold on secondary market
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | One time/ perpetual license | Origination fee range: 0.5% to 1% of loan amount |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Lamb Financial product offering
Product offeringCore offering
Lamb Financial is a residential mortgage brokerage that originates home purchase loans, refinance loans, and construction/renovation loans for individual consumers in the Chicagoland area. It offers a broad portfolio of loan programs including Conventional, FHA, VA, USDA, Jumbo, Fixed Rate, Adjustable Rate, Reverse, Home Equity, HELOC, and FHA 203(k) loans. The company delivers these loans through direct-to-consumer channels (website, phone, mobile app, and in-person office) and is differentiated by a single-point-of-contact service model and a 14-day closing commitment on purchase and refinance loans.
Product overview
Lamb Financial is a mortgage lending company offering a comprehensive suite of home financing products and digital tools. The core offerings include purchase loans, refinance loans, and construction loans, supported by multiple loan programs such as Fixed Rate Mortgage, Adjustable Rate Mortgage (ARM), FHA Loans, VA Loans, USDA Loans, Conventional Loans, Jumbo Loans, Graduated Payment Mortgage, Interest Only Mortgage, Balloon Mortgages, and Reverse Mortgages. They also provide home equity products including Home Equity Loans and HELOCs. A companion mobile app called Loanzify enables customers to manage their mortgage process digitally, featuring affordability checks, payment calculations, pre-approval, document uploads, and loan officer connectivity. The company has served the Chicagoland area since 1990.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Purchase Loans Mortgage financing for buyers purchasing a new home, available through conventional, FHA, VA, USDA, and other loan programs. Targeted at first-time and repeat home buyers in the Chicagoland area.
- Refinance Loans Refinancing solutions for existing homeowners including rate-and-term refinances, cash-out refinances, and HARP 2 refinance programs. Designed to lower monthly payments, access home equity, or improve loan terms.
- Construction & Renovation Loans Financing for new home construction and major renovation/rehabilitation projects in the Chicagoland area, including FHA 203(k) loans that combine purchase and rehabilitation costs into a single mortgage.
- Fixed Rate Mortgage Standard mortgage with an interest rate that remains fixed throughout the loan term, providing predictable monthly payments for borrowers.
- Adjustable Rate Mortgage (ARM) Mortgage with an interest rate that adjusts periodically based on market conditions, offering lower initial payments than fixed-rate alternatives.
- FHA Loans Government-insured loans backed by the Federal Housing Administration with lower down payment requirements and more flexible credit guidelines for qualifying borrowers.
- VA Loans Mortgage program for eligible veterans and service members, often requiring no down payment and no private mortgage insurance.
- USDA Loans Zero down payment loans for eligible rural and suburban homebuyers under the USDA program.
- Conventional Loans Standard mortgage loans not insured by the government, conforming to Fannie Mae and Freddie Mac guidelines.
- Jumbo Loans Mortgage loans that exceed conventional conforming loan limits, used to finance higher-value properties.
- Reverse Mortgages Loans allowing homeowners aged 62 and older to convert home equity into cash.
- Home Equity Loans Second mortgages providing lump-sum financing based on home equity, with fixed interest rates and predictable monthly payments.
- HELOC (Home Equity Line of Credit) Revolving credit line secured by home equity that allows borrowers to draw funds as needed.
- FHA 203(k) Rehab Loan FHA loan program that combines home purchase or refinance costs with rehabilitation costs into a single mortgage, used for renovation projects.
- Interest Only Mortgage Loans allowing borrowers to pay only interest for a specified period before principal payments begin.
- Balloon Mortgages Short-term mortgages requiring a large final payment (balloon payment) at the end of the loan term.
- Graduated Payment Mortgage Mortgage with payments that start low and increase over time, designed for borrowers expecting future income growth.
- HARP 2 Refinance Home Affordable Refinance Program designed for borrowers with underwater or near-underwater mortgages.
Quantifiable outcome
- 14-day closings on purchase & refinance loans
Companies that use Lamb Financial
Customer profileSegments4 records
Ideal customer profiles4 records
Lamb Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Lamb Financial partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Lamb Financial competitors and assessment
Company assessmentDirect peers
- Guild Mortgage: Retail-focused mortgage lender with strong branch network emphasizing personalized service and government loan programs (FHA, VA, USDA). Directly comparable to Lamb in branch-based service model and product mix.
- Fairway Independent Mortgage Corporation: Large independent retail mortgage lender with a distributed branch model that mirrors Lamb's local-office, relationship-driven approach. Most direct comparable in business model, with branches across the Midwest including Illinois competing head-to-head for purchase and refinance customers.
- CrossCountry Mortgage: Fast-growing independent mortgage lender with a branch-based retail model focused on purchase business and personalized loan officer relationships. Operates branches in Illinois and competes with Lamb for the same local borrower base.
Broad incumbents
- loanDepot: Top-five US retail mortgage lender with comprehensive loan programs including conventional, FHA, VA, jumbo, and home equity products. Operates a hybrid retail/partner model that competes directly with Lamb for purchase and refinance volume in Illinois.
- United Wholesale Mortgage (UWM): Largest US wholesale mortgage lender that works through independent mortgage brokers like Lamb. Directly comparable in the broker channel, providing the loan products and pricing that small brokerages like Lamb Financial access to serve their customers.
- Caliber Home Loans: Large US mortgage originator and servicer with retail and wholesale channels, offering purchase, refinance, FHA, VA, and home equity products. Competes with Lamb for the same consumer borrower through broker relationships in Illinois.
- Rocket Mortgage: Largest US mortgage lender and the dominant direct-to-consumer originator, offers the full suite of purchase, refinance, FHA, VA, and HELOC products Lamb provides, but at national scale with proprietary technology. Comparable as the benchmark consumer mortgage brand competing for the same borrower in the Chicago market.
- NewRez (Newpoint Residential): Top US mortgage lender and servicer offering retail, wholesale, and correspondent channels. Provides the same product breadth as Lamb (conventional, FHA, VA, USDA, renovation loans) but at national scale with active broker partnerships.
- Homebridge Financial Services: Large US wholesale and retail mortgage lender offering a comprehensive suite of products. As a major broker partner for small brokerages like Lamb, it represents both a supplier relationship and a competitive channel for retail borrowers.
Emerging players
- Better.com: Digital-first mortgage lender offering streamlined online purchase and refinance origination with competitive rates. Represents the technology-driven disruption model that pressures traditional small brokerages like Lamb on cost structure and consumer UX.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Lamb Financial social profiles
Digital presenceLamb Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lamb Financial leadership team
Management profileNumber of profiles
Lamb Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lamb Financial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lamb Financial
What does Lamb Financial do?
Lamb Financial is a residential mortgage brokerage that originates home purchase loans, refinance loans, and construction/renovation loans for individual consumers in the Chicagoland area. It offers a broad portfolio of loan programs including Conventional, FHA, VA, USDA, Jumbo, Fixed Rate, Adjustable Rate, Reverse, Home Equity, HELOC, and FHA 203(k) loans. The company delivers these loans through direct-to-consumer channels (website, phone, mobile app, and in-person office) and is differentiated by a single-point-of-contact service model and a 14-day closing commitment on purchase and refinance loans.
Is Lamb Financial a public or private company?
Lamb Financial is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Lamb Financial founded?
Lamb Financial was founded in 1990. It employs 1 to 10 people.
Where is Lamb Financial based?
Lamb Financial is headquartered in Lincolnwood, United States, in the North America region.
How does Lamb Financial make money?
Two revenue lines are on record. Mortgage Origination Fees are the primary driver. The others are interest Income.
Who are Lamb Financial's main competitors?
Direct peers on record are Guild Mortgage, Fairway Independent Mortgage Corporation and CrossCountry Mortgage. Broad incumbents are loanDepot, United Wholesale Mortgage (UWM), Caliber Home Loans, Rocket Mortgage, NewRez (Newpoint Residential) and Homebridge Financial Services. Better.com is listed as an emerging player.
Does Lamb Financial have an API?
No public API is recorded for Lamb Financial.
What industry is Lamb Financial in?
Lamb Financial's product category is Residential Mortgage Lending. Its primary akta.pro industry code is FSAEAEAA, Residential Mortgage Brokerage (Purchase & Refinance), with a secondary code of FSALAAAL, Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation). Its NAICS code is 522310 and its SIC code is 6163.