Not only did USA Mortgage reach the billion‑dollar mark sooner than expected this year, we are also proud to welcome a large team of lenders from Gershman Mortgage and to be named the preferred lender for Berkshire Hathaway HomeServices Select Properties. Read the full St. Louis Business Journal article for more details on the company’s growth:
USA Mortgage, which has exceeded $1 billion in loan volume for 10 consecutive years, has added a large team of lenders from Gershman Mortgage and has been selected as the preferred lender for Berkshire Hathaway HomeServices Select Properties.
Fourteen members of The Strick Group have joined USA from Gershman. Steve Strick projects that his team will produce more than $100 million in loan volume over the next 12 months.
The nine Berkshire offices closed more than 5,000 transactions valued at over $1 billion in 2017. Through the first eight months of 2018, closings stand at more than $760 million. Terms were not disclosed.
Maryann Vitale Alles, Berkshire’s co‑owner, president, and CEO, said USA stood out in a competitive due‑diligence process. “Their culture mirrors our own,” she said. “Additionally, the litany of loan products USA Mortgage offers far exceeded the choices available through our affiliate.”
USA has been the top mortgage lender in St. Louis since 2012. Through the first seven months of 2018, it holds the largest market share, with 8.70 percent of total closed home loans, according to CoreLogic Marketrac. Stifel Bank is second with 3.96 percent.
