21st Century Lending

What 21st Century Lending does

21st Century Lending is a mortgage lending division of Full Realty Services, Inc., a California corporation founded in 2007 by Randy Thompson. The company originates residential mortgage loans across 22+ U.S. states under NMLS license #241835, employing 127+ licensed loan officers and 750+ affiliates across 16+ physical offices and a virtual platform. Its loan portfolio spans agency products (Conventional, FHA, VA, USDA), jumbo loans up to $10M, reverse mortgages, 203k rehabilitation loans, adjustable-rate products, and a growing set of non-QM specialty products (DSCR, Bank Statement, P&L Only, VOE Only, Fix & Flip) targeted at self-employed borrowers and real estate investors. California-specific assistance programs (CalHFA, CA Dream For All) round out the offering.

The technology stack is built on third-party platforms integrated into an end-to-end origination workflow: Arive as the cloud-based loan origination system, Hub21 as the all-in-one loan officer productivity hub (with Follow Up Boss CRM, Outlook, Google, and Apple integrations), and MBS Highway as the market intelligence layer. Loan processing is handled by an in-house team without contract processors, supporting advertised 11-day average close times for correspondent loans and 25 days for brokered loans.

The business model is transaction-based: revenue is generated from origination fees and gain-on-sale economics on closed loans, supplemented by wholesale/broker channel referral fees from 75+ lender partnerships including United Wholesale Mortgage. Distribution is dual-channel — direct sales by loan officers (digital application plus phone-based consultative selling) and channel partnerships via Century 21 real estate brokerages that provide access to 2,500+ referring agents. The customer base is distributed across individual home buyers, first-time buyers, veterans, rural/suburban borrowers, and high-net-worth jumbo borrowers, with primary acquisition driven by real estate agent referrals rather than direct consumer marketing.

Name

21st Century Lending

Legal name

Full Realty Services, Inc.

Website

https://21stcenturylending.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

21st Century Lending is a residential mortgage lender operating in 22+ U.S. states as the lending division of Full Realty Services, Inc., originating purchase and refinance loans through 127+ loan officers and a Century 21 real estate agent referral network of 2,500+ agents.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Real Estate Credit (522292), Credit Intermediation and Related Activities (522)

SIC

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

akta.pro primary industry

Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)

akta.pro secondary industry

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

Keywords

• Mortgage lending services
• Residential home loans
• Mortgage refinancing solutions
• Government-backed mortgages
• Investor property loans

Headquarters

HQ city

Murrieta

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Origination Fees: Revenue generated from originating mortgage loans for home purchases and refinances. The company earns origination fees and interest rate spreads on closed loans across multiple loan product types including Conventional, FHA, VA, USDA, Jumbo, and specialized programs.
2. Wholesale/Broker Channel Revenue: Revenue from partnerships with 75+ wholesale lenders including United Wholesale Mortgage, providing competitive products and rates to borrowers while earning referral or wholesale fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

21st Century Lending is a residential mortgage lending division of Full Realty Services, Inc. that originates home purchase and refinance loans across 22 states. The company offers a comprehensive suite of loan products including Conventional, FHA, VA, USDA, Jumbo (up to $10M), 203k renovation, Reverse Mortgage, Adjustable Rate, and specialized investor/alt-doc products, delivered through 127+ loan officers and 75+ wholesale lender partnerships including United Wholesale Mortgage.

Product overview

21st Century Lending is a mortgage lender division of Full Realty Services, Inc., offering a comprehensive suite of loan products across 22 states. The core portfolio includes government-backed loans (FHA, VA, USDA), conventional mortgages, and jumbo loans up to $10 million, complemented by specialized investor products (DSCR, Bank Statement, Fix & Flip) and California-specific assistance programs (CalHFA, CA Dream For All). The company operates through a technology platform combining Arive loan origination system with Hub21 loan officer hub, integrating with major wholesale lenders including United Wholesale Mortgage for competitive rate access. Additional services include refinance options, down payment assistance, reverse mortgages for seniors, and digital tools for pre-approval and financial calculation.

Differentiator

Problem solved

Functional benefit

Products and services

• Conventional Loans Standard mortgages not backed by government agencies, following Fannie Mae/Freddie Mac guidelines with flexible terms, competitive rates, and PMI that cancels at 20% equity. Targets borrowers with credit score 620+ and minimum 3% down payment.
• FHA Loans Government-insured mortgages backed by the Federal Housing Administration, designed for buyers who may not qualify for conventional financing. Features down payments as low as 3.5% and flexible credit requirements (580+ score).
• VA Loans Mortgage benefit for veterans, active-duty service members, and eligible surviving spouses, backed by the U.S. Department of Veterans Affairs. Features zero down payment, no PMI, and competitive rates.
• USDA Loans Zero down payment mortgages backed by USDA for low- to moderate-income households in eligible rural and suburban areas, featuring 100% financing and competitive interest rates.
• Jumbo Loans Mortgages exceeding conforming loan limits for luxury homes and high-value properties, offering financing up to $10 million for primary residences, second homes, and investment properties with flexible underwriting for well-qualified borrowers.
• 203k Rehabilitation Loans FHA-insured loans financing both purchase/refinance and renovation costs through a single mortgage, allowing buyers to finance home repairs and upgrades alongside the home purchase.
• Reverse Mortgage (HECM) FHA-insured Home Equity Conversion Mortgage for homeowners aged 62 and older, allowing conversion of home equity into tax-free cash, a line of credit, or monthly income without monthly mortgage payments.
• 30-Year Fixed Rate Mortgage Traditional fixed-rate mortgage with a constant interest rate and equal monthly payments over the full 30-year term, offering long-term budgeting stability.
• 15-Year Fixed Mortgage Fixed-rate mortgage with higher monthly payments but lower total interest costs, designed for borrowers seeking faster equity build-up over a 15-year term.
• Adjustable Rate Mortgage (ARM) Home loan with an interest rate that changes periodically after an initial fixed-rate period, offering lower initial rates suited to short-term buyers.
• Refinance Services Mortgage refinancing options including rate-and-term refinance, cash-out refinance, and streamline refinance programs for FHA, VA, and USDA loans, enabling borrowers to lower payments, consolidate debt, or access home equity.
• Fix and Flip / Investor Program Investment property financing for house flippers and real estate investors, providing fast funding for renovation projects.
• DSCR (Debt Service Coverage Ratio) Loans Investor loans evaluated based on rental income performance (debt service coverage ratio) rather than personal income documentation.
• Bank Statement Loans Self-employed borrower program that uses bank statement analysis to verify income rather than traditional tax returns.
• P&L Only Loans Alternative-documentation loans using profit-and-loss statements to qualify self-employed borrowers who may lack standard tax returns.
• VOE (Verification of Employment) Only Loans Alternative-documentation loans that verify employment directly with the employer to streamline qualification for borrowers.
• CalHFA Programs California Housing Finance Agency programs for first-time buyers, including down payment assistance and favorable loan terms.
• CA Dream For All Shared Appreciation Loan CalHFA program providing up to 20% of the home purchase price (capped at $150,000) for down payment and closing costs with no monthly payments; repayment occurs upon sale through shared appreciation.

Quantifiable outcome

• 11-day average close time for correspondent loans, 25-day average for brokered loans
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• United Wholesale Mortgage (UWM)coreStrategic or Co-development Partner21st Century Lending partners with UWM, the nation's #1 wholesale mortgage lender. This partnership provides access to industry-leading technology, competitive rates, and streamlined processes. UWM's commitment to the broker channel enables 21st Century Lending to offer personalized service with national institution pricing power and resources.
• Century 21 Real EstatecoreChannel Partner/ Reseller/ DistributorPartnership with Century 21 brokerages across multiple states including Advantage (South Dakota), Altitude (Colorado), Bradley (Indiana), Golden West, Masters (California), Myers (Florida), Shea Realty (Montana), and others. Provides access to 2,500+ real estate agents who refer clients for mortgage financing.
• Full Realty Services, Inc.coreOthers21st Century Lending is a division of Full Realty Services, Inc., a California corporation. Full Realty Services operates as one of the fastest-growing full-service brokerages in Southern California with 700+ agents and loan officers across 16+ offices.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Movement Mortgage: Privately held, large retail mortgage lender with comparable multi-state retail branch model and similar product offerings. Comparable as a peer competing for the same purchase mortgage borrowers through community-based loan officers.
• Guild Mortgage: Mid-to-large mortgage lender with similar product breadth (Conventional, FHA, VA, USDA, Jumbo) and comparable retail branch-based model with licensed loan officers across many states. Closely comparable in operating model and target borrower segments.
• Homebridge Financial Services: Privately held mortgage lender with retail and wholesale channels offering comparable product suite. Comparable as a peer operating in the broker/realtor-referral-driven origination model across multiple states.
• Caliber Home Loans: Privately held mortgage lender (backed by Lone Star Funds) offering a similar mix of agency, government, and non-QM products with retail origination through loan officers. Comparable as a peer of similar scale with multi-state licensing.
• American Pacific Mortgage: Privately held mortgage banker with comparable retail branch model, multi-state licensing, and similar product menu including government and conventional loans. Closely comparable as a peer of similar size and family/employee-owned character.
• Paramount Residential Mortgage Group (PRMG): Privately held, family-influenced retail mortgage lender with nationwide retail branch model and similar product breadth. Closely comparable as a peer of similar size with multi-state licensing and a focus on retail loan officer productivity.

Broad incumbents

• United Wholesale Mortgage (UWM): The nation's #1 wholesale mortgage lender and 21st Century Lending's primary wholesale partner. Comparable because both operate in the wholesale/broker mortgage channel serving similar broker partners, though UWM is the upstream provider while 21st Century Lending originates through UWM's platform.
• Rocket Mortgage: Largest US mortgage lender, dominant in direct-to-consumer digital channel. Comparable as a peer competing for the same purchase and refinance borrowers across overlapping states, though Rocket operates at vastly greater scale with a fully owned retail platform.
• loanDepot: Large multi-channel mortgage lender (retail, wholesale, correspondent) with comparable product breadth including Conventional, FHA, VA, USDA, and jumbo loans. Comparable as a peer of similar scale ambition in the residential mortgage space, though loanDepot is significantly larger and publicly traded.
• NewRez (Rithm Capital): Multi-channel mortgage lender (retail, wholesale, correspondent) under Rithm Capital with similar product offerings and agency servicing. Comparable as a peer operating in similar channels including wholesale broker partnerships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/21st-century-lending

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 21st Century Lending