Xcelia Mortgage Inc. | Application Preview
Xcelia Mortgage Inc. is seeking government grants to support its growth and community-focused mission. The funding will be allocated toward renting office space for over a year, hiring 2 to 5 loan officers, and expanding employee compensation and benefits. Additionally, the company plans to enhance its marketing efforts to attract more visitors to its website.
The business aims to operate as a broker for the next 1 to 3 years while building a team of 20 to 30 employees. Once a sustainable revenue stream is achieved, Xcelia intends to transition to a correspondent lending model, which will facilitate accelerated growth over the next five years, ultimately expanding its workforce to include 60 loan officers, 10 loan processors, 2 underwriters, 2 loan closers, and dedicated legal, marketing, and IT teams.
Xcelia is committed to developing its proprietary origination and marketing technology, leveraging advanced IT systems to enhance customer service. By utilizing AI, the company aims to streamline communication with clients, ensuring timely and safe interactions.
The owners of Xcelia have over 30 years of combined experience in the mortgage industry and emphasize a values-driven approach to business. Their goal is to create a supportive workplace where all employees, regardless of their role, can share in the company’s success through profit-sharing and a generous 401K match program. The focus is on fostering a positive work environment that boosts morale and productivity.
Xcelia positions itself against competitors like Quicken Loans, Loan Depot, and Freedom Mortgage, highlighting its commitment to employee welfare and customer care, contrasting sharply with competitor practices perceived as exploitative. The overarching vision is to build a company that positively impacts local communities and prioritizes the well-being of both employees and clients.
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General Information
Business Registration Number: 223621063690
Location: Marysville, MI, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
this would be used to rent office pace for 12+ months. Hire 2-5 loan officers to expand our reach. Pay employee pay and benefits. We would also increase our marketing platforms to drive more website visitors.
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Business Plan
Over then next 1-3 years we are looking to stay as a broker while we build our team to 20-30 employees. Once we have a steady revenue stream we plan to go correspondent (direct lender). This will accelerate our growth with a 5 year plan to build to about 60 loan officers, 10 loan processors, 2 underwriters, 2 loan closers, Legal team, Marketing team, IT team. We are doing all of this while building out our own proprietary origination, marketing and servers. Our IT even at this point is far ahead of most of our competitors. This will allow us to help our customers in a more efficient manner. Utilizing the power of AI our platform will be staying in front of our customers and serving them up for an Loan Officer to call/email/text them when the time is right. This AI is fully functionable under our servers and control to insure safety of customers information. this company was built on helping people. plain and simple. Both of the owners have over 30 years of combined mortgage experience. In all of those years we have found that most companies talk the talk but don't actually follow through. Most people are so greedy in this industry its truly unreal. With Xcelia we plan to profit share 50% of all net revenues with any employee. It doesn't matter if you are the janitor or the CEO you get the same bonus. We plan to have a 401K match that isn't a math equation. We will match 100% of what you invest up to 5k. This will be on only a 3 year vesting schedule so all that money is the employees after 3 years of employment. The goals of this company are to build a company that people are excited to go to work at daily. With this people will be more productive. We are trying to build something to help the local communities not to put our logo on it but to help those that need help. Seems like there is so much hate in this world, we just want to build something special for people to enjoy and love.
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Self Identified Competition
Quicken Loans Loan Depot Freedom Mortgage Everything I wrote above. We are different because we actually care about the people. Quicken is know as a 'chop shop'. When I worked there they would make you feel bad for taking a day off even if it was preplanned PTO. On Friday afternoons management would walk around and 'ask' who is working Saturday. If you said that you couldn't and have plans they would say "well, it looks like someone isn't here to make money" keep in mind this was after putting in 60 hours M-F. When I got into management, they told me that the goal is to keep an employee for at least 6 months. That's was their profitability indicator. They didn't care about the person but only if they stayed 6 months. month 7, they stopped caring. This is not us. We are building this to be better for our people so in turn our customers are better cared for.
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