MortgageDepot Earns a Spot on Inc. 5000 List for Second Straight Year

MortgageDepot strives to meet the varied mortgage lending needs of its wide range of customers. Its solid efforts to provide creative solutions where other mortgage brokers have fallen short is one of the reasons for the company’s tremendous growth over the last several years. In fact, it has earned a spot on the Inc. 5000 list of the fastest-growing private companies in the United States for the second year in a row. Specifically, MortgageDepot garnered the rank of 2,440 for 2021. It earned a rank of 3,371 in the 2020 Inc. 5000 list.

The Inc. 5000 list is compiled based on the percentage of revenue growth for the trailing three years. Only U.S.-based companies qualify for consideration. The list includes private, independent and for-profit companies only. The minimum revenue qualification for the list in 2017 was $100,000. For 2020, the minimum revenue considered was $2 million. Notably, MortgageDepot’s 3-year rate for revenue growth for the 2021 rankings was 172 percent. For the 2020 rankings, the company’s growth rate was 112 percent.

MortgageDepot is in solid company on the Inc. 5000 list. In fact, for 2021, the list’s average median growth rate was 543 percent. The median revenue of the group was $11.1 million. In addition, the 5,000 companies collectively added approximately 610 million jobs during the last three years. Other companies that made the list include Zappos, Under Armour, Intuit, Microsoft, Patagonia and more.

Inc. has produced its popular 5000 list since 1982, and it has become well-known as a prestigious and respected list that companies strive to be on. Inc. is a multi-platform media company and content provider. It connects with a large audience of more than 50 million individuals through print, podcasts, social media and other platforms on a monthly basis. MortgageDepot’s recognition on this list may foster continued growth and may aid in the recruitment of more talented lending professionals going forward.