Mortgage Professionals Group

What Mortgage Professionals Group does

Mortgage Professionals Group (MPG), founded in 2018 and headquartered at 611 Sierra Rose Drive in Reno, Nevada, is a privately held, locally-owned mortgage brokerage firm operating under NMLS #1736585. The company is licensed to originate residential and commercial mortgages in Nevada, California, Florida, and Oregon, and employs between 11 and 50 staff, including roughly ten licensed loan originators. Its product portfolio spans purchase loans (Conventional, FHA, VA, USDA, Jumbo, Bank Statement, DSCR, and ITIN programs), refinances, reverse mortgages for homeowners aged 62 and over, home equity lines of credit (HELOC) and home equity loans (HELOAN), and commercial financing including SBA, term loans, private financing, and commercial real estate loans. Customers include first-time home buyers (primary segment), real estate investors, senior homeowners, and commercial clients with mixed-use needs.

The firm's core technology is a proprietary digital loan application and tracking platform hosted at mpg.my1003app.com, which enables borrowers to complete applications, obtain pre-approvals, and monitor loan status throughout the process. This platform is paired with a relationship-driven sales motion in which licensed originators guide clients through product selection. The company markets a 20-day average closing time and an average $9,400 lifetime savings versus large banks based on HMDA data, although these are self-reported performance claims.

MPG makes money primarily on a transaction-fee basis, earning origination commissions and lender-paid yield spread premiums for brokering loans across its multi-lender network. It supplements this with licensing-related revenue streams tied to loan volume. The company reaches customers through its website, Facebook, Instagram (@mpg_mortgage), community involvement (nonprofit boards and youth sports), and referral-driven relationships with real estate agents and builders across its four licensed states.

Name

Mortgage Professionals Group

Legal name

Mortgage Professionals Group

Website

https://mortgageprogroup.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Mortgage Professionals Group is a privately held Reno, Nevada-based mortgage brokerage founded in 2018, licensed in NV, CA, FL, and OR, that originates residential and commercial loans via a multi-lender network and proprietary digital application platform for first-time buyers, investors, seniors, and commercial clients.

Ownership category

akta.pro rank

Product category

Mortgage Brokerage

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Loan Brokers (6163)

akta.pro primary industry

Residential Mortgage Brokerage (Purchase & Refinance) (FSAEAEAA)

akta.pro secondary industries

Commercial Mortgage Brokerage (FSAEAEAB), Retail Residential Mortgage Brokers (Purchase & Refinance) (FSALABAA), Debt & Structured Finance / Mortgage Brokerage (BPAJABAK)

Keywords

• Mortgage brokerage services
• Residential loan origination
• Commercial mortgage financing
• Home equity lending
• Reverse mortgage products

Headquarters

HQ city

Reno

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, Others

Revenue model

1. Loan Origination & Brokerage: As a mortgage broker, MPG connects borrowers with lenders and earns commissions/fees for facilitating mortgage transactions. They work with multiple lending sources to find optimal loan products for clients.
2. Mortgage Brokerage Services: Intermediary services connecting borrowers with appropriate lenders, earning origination fees and commission from lenders based on loan volume.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Mortgage Professionals Group is a multi-lender mortgage brokerage that originates residential and commercial loans on behalf of borrowers by matching them with wholesale lenders. Its product portfolio spans purchase loans (CONV, FHA, VA, USDA, Jumbo, Bank Statement, DSCR, ITIN), refinance, reverse mortgages, home equity lines and loans (HELOC, HELOAN), and commercial financing including SBA programs and private financing for businesses such as gas stations and subdivisions. Transactions are facilitated through a proprietary digital application and tracking platform at my1003app.com combined with licensed loan originator guidance.

Product overview

Mortgage Professionals Group operates as a locally-owned mortgage brokerage firm since 2018, offering a unified platform of residential and commercial financing products. The core product portfolio centers on purchase loans (CONV, FHA, VA, USDA, Jumbo, Bank Statement, DSCR, ITIN), refinance options, reverse mortgages, and home equity products (HELOC and HELOAN), complemented by commercial financing solutions including SBA programs and private financing. All services are facilitated through their proprietary my1003app digital platform for applications, pre-approval, and loan tracking. The company positions itself as faster (pre-approval in minutes, closings in 20 days or less) and more affordable than traditional lenders, with reported average savings of $9,400 versus large banks.

Differentiator

Problem solved

Functional benefit

Products and services

• Purchase Loans Home purchase loan products including CONV (Conventional), FHA, VA, USDA, Jumbo, Bank Statement, DSCR (Debt Service Coverage Ratio), and ITIN programs for first-time home buyers and seasoned investors.
• Refinance Loans Mortgage refinancing options including Fixed Rates, Adjustable Rate Mortgage (ARM), Conforming Loans, Jumbo & Super Jumbo Loans, FHA, VA & USDA Loans, with terms from 5 to 30 years. Allows borrowers to reduce interest rates, change loan terms, or take cash out from home equity.
• Reverse Mortgage Loan product for homeowners aged 62 or older, allowing them to convert home equity into cash while continuing to live in the home. Repayment occurs upon sale, move, or passing.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity, with a draw period typically lasting 5-10 years during which borrowers only pay interest on amounts borrowed.
• Home Equity Loan (HELOAN) Lump-sum home equity financing with fixed interest rates and fixed payments over the loan term.
• Commercial Financing Commercial financing solutions including Term Loans (fixed or variable rates), SBA programs, Private Financing, and Commercial Real Estate Loans for businesses such as gas stations, subdivisions, and other commercial properties.
• Loan Application Platform (my1003app) Proprietary digital mortgage application platform enabling borrowers to complete mortgage applications, receive pre-approval, and track loan status throughout the process.

Quantifiable outcome

• Average mortgage closing in 20 days or less
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Paramount Residential Mortgage Group (PRMG): Large retail residential mortgage broker with multi-state retail branch model and broad product menu (Conventional, FHA, VA, USDA, Jumbo, Non-QM). Closely comparable to MPG in channel model (broker + retail LOs), product breadth, and dependence on wholesale lender relationships.
• Guild Mortgage: Retail-focused residential mortgage lender with strong western US presence (CA, NV, OR, WA) and broad product menu including specialty programs. Direct overlap with MPG's core Reno/Northern Nevada and California markets.
• Guaranteed Rate: National retail and wholesale mortgage lender/broker offering purchase and refinance products across conventional and government channels. Comparable to MPG in serving retail consumers via licensed loan officers and in leveraging digital tools alongside personal service.
• Homebridge Financial Services: Retail and wholesale residential mortgage lender/broker with broad product menu and multi-state licensing. Comparable to MPG in broker-channel business model, multi-state retail footprint, and product breadth across purchase and refinance.
• New American Funding: Retail mortgage lender with multi-state retail branch network, broad product menu including specialty programs (ITIN, Non-QM). Highly comparable to MPG in geographic diversification across western states and emphasis on niche borrower segments.

Broad incumbents

• Rocket Mortgage: Largest US direct-to-consumer retail mortgage lender with industry-leading digital application and pre-approval experience. Comparable to MPG in serving retail purchase and refinance consumers, but with vastly greater technology investment and national brand recognition.
• LoanDepot: National retail and wholesale mortgage lender with significant digital brand presence (mello, Rocket Pro). Comparable to MPG in serving retail consumers across conventional and government products, but at substantially larger scale and with capital-markets funding access.
• United Wholesale Mortgage (UWM): Largest US wholesale mortgage lender, funding independent mortgage brokers like MPG. Comparable as the dominant wholesale partner relationship for brokers operating in residential purchase and refinance channels.
• Caliber Home Loans: Large national retail and correspondent mortgage lender offering purchase, refinance, and home equity products. Comparable to MPG in product breadth and customer base but operates at significantly greater scale and with proprietary balance-sheet funding.
• NewRez (Newcastle Investment Trust / Shellpoint): National retail and wholesale mortgage lender/servicer offering broad conventional and government loan products. Comparable to MPG in serving retail consumers across multiple states and in product breadth, but with proprietary capital and servicing infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mortgageprogroup
• Instagraminstagram.com/mpg_mortgage

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Mortgage Professionals Group