Fortune Mortgage Company - Small mortgage broker goes from $200 Million to $1 Billion in one year using Virtual Loan Officer

Joe Wang, the owner of Fortune Mortgage, a Maryland-based mortgage broker, wanted a tool to allow all customers to be treated equally within his system.  He priced his product competitively, and made money because he no longer needed high-priced commissioned loan originators to bring in the business.  The Virtual Loan Officer handled customer inquiries, pre-qualification, product comparisons, application intake and process management.

Most companies never see a billion dollars of closed loan volume.  Application volume growth creates so many problems they collapse under the weight of the pipeline.  With Virtual Loan Officer Joe not only managed the business, but years later 72.3% of all customers are referred by friends and former customers.