Independent Mortgage

What Independent Mortgage does

Independent Mortgage LC is a privately held residential mortgage broker and banker headquartered in Urbandale, Iowa. Founded in 1997, the firm originates purchase and refinance mortgages for Iowa homebuyers and homeowners, operating from a single location with 1-10 employees. Its product set spans conventional purchase and refinance loans, FHA, VA, USDA, and streamline refinance products, positioning the firm as a multi-channel broker/banker hybrid with access to a broad lender panel rather than a single-institution captive originator.

The firm's operational technology stack is minimal: loan applications are captured through JotForm, and the company maintains a basic lead-generation website built on GoDaddy's website builder. There is no proprietary loan origination system (LOS), point-of-sale platform, or automated underwriting integration disclosed. The two named principals — John G. Burns and Linda A. Turner — appear to anchor both origination and client-facing execution, consistent with a relationship-driven, consultative sales model rather than a scaled, technology-led mortgage operation.

Independent Mortgage LC earns revenue through transactional origination fees and lender commissions on closed loans, with no recurring SaaS, servicing, or portfolio-based revenue streams visible. The go-to-market is sales-led and relationship-based, with the principals directly managing borrower consultation and presumably cultivating referral channels through local real estate professionals. The private LLC structure, absence of funding activity, and absence of M&A or expansion signal indicate a stable, owner-operated small business rather than a venture-backed or PE-platform mortgage entity.

Name

Independent Mortgage

Legal name

Independent Mortgage LC

Website

https://independentmortgageiowa.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Independent Mortgage LC is a privately held residential mortgage broker and banker in Urbandale, Iowa, originating purchase and refinance loans (conventional, FHA, VA, USDA, streamline) for Iowa homebuyers and homeowners since 1997.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

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

akta.pro primary industry

Residential Mortgage Brokerage (Purchase & Refinance) (FSAEAEAA)

akta.pro secondary industries

Wholesale Mortgage Lending (Broker Channel) (FSALACAA), Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)

Keywords

• Mortgage brokerage
• Residential lending
• Home refinance
• FHA VA loans
• Conventional mortgages

Headquarters

HQ city

Urbandale

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. Mortgage Origination Services: As a mortgage broker/banker, Independent Mortgage LC generates revenue through origination fees, loan origination commissions, and spread income from facilitating mortgage loans for borrowers. They offer various loan products including conventional purchase/refinance, FHA, VA, USDA, and streamline refinance options.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Independent Mortgage LC is an Iowa-based mortgage broker/banker that originates residential home purchase and refinance loans. The company accesses multiple lender products to provide customized mortgage financing solutions, including conventional, FHA, VA, USDA, first-time homebuyer, low-downpayment, and streamline refinance options. It also offers no-obligation pre-qualifications, credit advice, and one-on-one guidance to borrowers statewide in Iowa.

Product overview

Independent Mortgage is a single-location mortgage broker/banker offering a unified set of mortgage financing services. The company provides two interconnected core offerings: Home Purchases & Refinances (expert guidance and assistance through the mortgage process) and Loan Products & Programs (a suite of loan types including Conventional, FHA/VA/USDA, and Streamline Refinance options). These products work together to deliver customized financing solutions for home buyers and homeowners across Iowa.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Purchases & Refinances Expert mortgage origination assistance for Iowa residents purchasing homes or refinancing existing mortgages, including no-obligation pre-qualifications, credit guidance, and customized loan recommendations.
• Loan Products & Programs A suite of residential mortgage loan programs including Conventional Purchase/Refinance, First-time Homebuyer, Low Downpayment Purchase, FHA/VA/USDA Purchase/Refinance, and Streamline Refinance options designed for diverse borrower situations across Iowa.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights1 record

Direct peers

• PrimeLending: National mortgage banker offering purchase, refinance, and government-backed loans through retail and broker channels. Overlaps with Independent Mortgage in product breadth and consultative retail origination approach.
• CrossCountry Mortgage: Direct-to-consumer mortgage lender offering conventional, FHA, VA, and USDA loans with a branch-based relationship model. Comparable in consultative retail origination focus, though at significantly greater scale.
• Fairway Independent Mortgage Corporation: Large national mortgage banker/broker hybrid offering conventional, FHA, VA, and USDA loans through a distributed branch model. Comparable to Independent Mortgage in product mix and brokerage-plus-banker model, though at dramatically larger scale.

Broad incumbents

• loanDepot: Large national retail and wholesale mortgage lender offering conventional and government-backed loans direct and through brokers. Competes with Independent Mortgage across the same borrower segments but at meaningfully greater scale and with proprietary technology.
• United Wholesale Mortgage (UWM): Largest U.S. wholesale mortgage lender, providing broker-channel partners with conventional and government-backed loan products. Relevant because Independent Mortgage's broker model relies on wholesale lenders of this kind for product access.
• Caliber Home Loans: National mortgage banker and servicer offering conventional, FHA, VA, and USDA loans through retail and wholesale channels. Comparable product portfolio and broker-channel relationships to those Independent Mortgage relies on.
• Guaranteed Rate: National retail and wholesale mortgage lender offering conventional, FHA, VA, and USDA loans. Comparable product mix to Independent Mortgage and a direct competitor for the same borrower base, with digital and branch channels.
• Rocket Mortgage: Largest U.S. retail mortgage originator, offering conventional, FHA, VA, and USDA loans primarily through a digital-direct channel. Competes with Independent Mortgage for the same Iowa borrowers, with vastly superior brand recognition and technology.

Regional players

• Veridian Credit Union: Iowa-based credit union offering consumer mortgage products including conventional, FHA, and VA loans. A relevant regional peer competing for the same Iowa homebuyer and refinance market from a depository institution angle.

Emerging players

• Better.com: Digital-first mortgage lender offering conventional and government-backed loans end-to-end online. Represents the disruptive model threatening traditional brokers like Independent Mortgage with low-friction, fully digital origination.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/IndependentMortgageIowa

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Independent Mortgage