Recent Acquisition Civic Financial Services was acquired by Roc360 in May 2023, indicating a strategic shift towards integration within a broader real estate investment platform and potential expansion of loan products and customer base.
Product Expansion The launch of a Broker Program Lending (BPL) division in September 2023 suggests new avenues for engaging with mortgage brokers and expanding distribution channels for residential real estate loans.
Market Focus Specialization in non-owner-occupied investment property loans positions Civic as a key player in the residential investor market, ideal for partnership opportunities with firms targeting real estate investors seeking specialized financing.
Financial Profile With an estimated revenue of up to 250 million dollars and a focus on real estate loans, Civic offers a sizable client base with room for technological upgrades and digital solutions to improve outreach and operational efficiency.
Technology Usage Utilizing a diverse tech stack including Adobe Creative Suite, Google Fonts API, and Varnish, Civic demonstrates an openness to digital tools, presenting opportunities to introduce advanced analytics, automation, and client engagement solutions.