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USA Mortgage Tops $1 Billion

September 28, 2017

On Pace to be #1 Home Lender in Metro STL for 6th Straight Year ST. LOUIS – In eclipsing the $1 billion mark in loan volume for the ninth consecutive year in 2017, USA Mortgage/DAS Acquisition Company, LLC (USA/DAS) continues to out-distance competitors. “We are well on our way to repeating as the #1 mortgage lender in metro St. Louis for the sixth consecutive year,” stated Doug Schukar, president and chief executive officer of USA/DAS, the largest mortgage bank in metro St. Louis.

According to year-to-date statistics compiled by Marketrac®, USA/DAS currently holds a 7.86% share of the total closed home loans market in metro St. Louis. Cornerstone Mortgage is second with 5.43%.

USA/DAS is even more dominant in the new purchase home loan segment with an 11.39% market share. Cornerstone is again second with 7.46%.

“Our ability to lead in market share in a highly competitive area such as St. Louis would not be possible without the commitment of every member of our team to extend best practices professionalism and put customers first every day,” said Schukar.

Nationally, USA/DAS is licensed in 21 states and employs more than 400 home loan professionals. The company posted loan volume of $1.66 billion in 2016.

Focus on Relationship

Based Marketing A winning differentiator for USA/DAS is its commitment to relationship-based marketing. Unlike many competitors who rely on mass media advertising to drive customers to websites or call centers, licensed USA Mortgage loan officers are expected to know customers by name and to source prospects by being active in their communities. According to Schukar, USA Mortgage staffers participate in more than 200 charitable groups and civic betterment organizations across the metro area.

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