On August 12th, 2020, Inc. magazine announced that Phoenix Collateral Advisors is No. 686 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Amongst fellow mortgage companies, PHOENIX was the top 23rd company in this category, with our growth over the period totaling 687%.
Growing existing business lines was a key factor for our success, with our Servicing Quality Control business growing over 111% and Due Diligence business growing 975%. We also experienced significant growth from an emerging business line, Origination Quality Control, at 377%. The tremendous growth across these business lines would not have been achieved without our clients, whom we are very appreciative to have as partners.
Since 1979, the Inc. 5000 listing is a prestigious annual guide that recognizes the fastest-growing privately held companies in the U.S.–and how they reached their lofty heights. This year was no exception. This year’s 2020 Inc. 5000 companies achieved an incredible three-year average growth of over 500 percent and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
To find out more about the complete results of the Inc. 5000, click the link following link: www.inc.com/inc5000.