Sean Brannan
San Mateo, CA (USA)
Role(s):
Middle Planet, Inc
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Startup
Location:
San Mateo
Industry:
Finance
Year Founded:
2007
Number Employees:
INVALID
Description:
During the boom, our friend sold 10 homes a month. We decided a company needed to exist, that offers equity or cash back to the Realtors who generate all this incredible business,cause she was discounting about $100,000 in loan origination per month.
Middle Planet, Inc has developed a proprietary loan origination distribution model with a local law firm.
We utilize the Realtor as the referral source under a RESPA compliant loan origination contract and online signups.
Realtor receives 50% commission for loan origination services. Back end processing is in place.
Financials are available upon request. First $20,000 in commissions is in the pipe.
Leading Realtor on the Board of Directors.
Company requires working capital to build sales team & online infrastructure.