Robert Rico continued: "Now that we have several years' worth of revenue under our belt, we have enough data to make educated revenue projections. These numbers are based on what we are currently realizing with the number of originators active now."
"Expert Group projects that by year's end we will have our 3rd location open and have a total of 100 originators operating. With 100 originators we conservatively project that we will close 100 loans per month. As I have stated before, Expert Group realizes between $4,000-6,000 in revenue per closed loan. Using the mean figure of $5,000 per loan, we project $5 million dollars in annual revenue when operating with 3 locations and 100 originators."
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