The 2011 Business Plan Competition at The Paul Merage School of Business

The 2011 Business Plan Competition at The Paul Merage School of Business

All contestants:
MortgageLoan Corp.
Location: Irvine, California, United States United States
Stage: Napkin (idea)
Number of employees: 1-5
Short URL: vator.co/mortgageloan-corp
Followers (139)
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MortgageLoan Corp.

The Future of Lending
Startup/business
Irvine, California, United States United States
http://www.mortgageloancorp.com
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Company description

MortgageLoan Corp.  will revolutionize the mortgage lending industry by being the only fully automated company in the lending industry. Using a sophisticated and proprietary technology platform, MLC will set the precedent of operational excellence with the best and lowest pricing, process automation and efficiency, as well as transparent and reliable service. While other services may be partially automated, our focus on full automation is a distinct competitive advantage and the truest sense of revolutionary lending.

Our revolutionary platform lacks the encumbrances of both legacy costs and a high operating burden which will allow MLC to provide reduced costs and fees to consumers, while leading the market with the most efficient, transparent and pleasant user experience.

This platform will promote a positive user experience through automated systems and a lack of reliance on salespeople and other capital expenditures. Our platform will provide transparency to transactions by way of automated document management systems available online, allowing us to eliminate unnecessary fees and costs of borrowing for homeowners across America. Homeowners are our partners in the process.

Our company will be focused initially on five states; California, Washington, Maryland, Virginia and Oregon will be the initial states, since equity levels and unemployment/income levels are relatively healthy when compared to other states. Gradually, the company will attain licensing in more states with the goal of having a license in every state.

And with that, MortgageLoan Corp. welcomes you to the future.


Team
Business model

Please contact us.

Competitive advantage

A proprietary platform consisting of completely automated functions and engines tied to pricing and execution.  Our edge is in efficiency, transparency, price competition, and overall operational excellence.

Additionally, we are a fully licensed and bonded entity with multifaceted strategies to identify desirable market segments and capture market share.