Expert Group: High Hopes after Securing Third Location

Author: Joshua Lee

Author: Joshua Lee

A business is gauged on many factors such as products or services, future growth, potential, sales, goals and achievements. Expert Group, Inc. has proven to its investors that they are growing and have ambitious, yet steady goals for the future. Expert Group, Inc. (Ticker Symbol: EXPU) just announced the opening of its newest location located in Bal Harbor, Florida. This makes it the third location that the corporation has secured. They have announced that this extremely prime storefront, highly visible to travelers, will have roughly 50 originators; 15 of which are already situated as of October 15th, 2009. The opening of the Expert Financing Mortgage Lending Center is one more step closer to the fulfillment of the businesses plan. The ultimate goal is to make Expert Group, Inc. a brand people recognize and trust. By doing so, it will be the one stop shop for real estate lending whether it is residential or commercial. With only a 5 year history, this company is moving up in ranks with a promising future; especially in these tough economic times. This only leads us to wonder: if they can prosper in these conditions, what kind of return will this company render in a fair market? The forecast for this location is to bring in approximately $3,000,000 more in revenue yearly alone. The breakdown of this figure is as follows: 50 originators at a median revenue per closing of $5,000 multiplied by the 12 months in the year. This is a very sizable income when you consider that the originators do not get paid unless they close loans. This way of performance based income is a great motivator, especially in this line of work. Moreover, this is a safe estimate on revenue due to the fact that commercial and jumbo loans were not even considered in the calculation, which yields a higher profit margin. When comparing this projection to the prior years of other locations, they are right on track with their prediction. With a track record of having a higher closing ratio than most lenders in their market and truly satisfied customers, Robert Rico, the CEO of Expert Group, Inc. says Were here to stay. What makes this company stand out to us is the fact that they are making every effort to remain crystal clear in the eyes of the investor. You can track up to date progress on their blog site located at: http://www.expertgroupblog.com and their twitter page http://www.twitter.com/expertgroup as well. Coupled with the consistent press releases, it is no wonder that their investors do not have any qualms about supporting their future goals and ambitions. We are keeping our eye on Expert Group, Inc. because there will be numerous good things to be had from this company as they progress on their path to success. This article is provided by www.otctimes.com">www.otctimes.comAbout the Author:

Joshua Lee is the best finance writer since 2005.

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