New USA Mortgage Office in O’Fallon eyeing $100 million in loan volume by end of 2017
O’FALLON, ILL – The largest private mortgage bank and mortgage lender in metro St. Louis, DAS Acquisition Company, LLC, has opened a new six-person USA Mortgage office at 791 Wall St. in O’Fallon, Ill.
“We plan to grow USA Mortgage staff rapidly and project that by 2017 year-end the office will be producing annual loan volume in the neighborhood of $100 million,” said Doug Shoemaker (left), a 20-year home loan veteran and head of the new office. “We see tremendous opportunities for growth in the military first-responder market and with first-time buyers who value our commitment to delivering professional service face-to-face.”
Joining Shoemaker in O’Fallon are two other fixtures in the southwest Illinois home lending market, Dave Hohe and Jay Jenkins.
“All of us are avid supporters of local veterans groups and of community efforts to ease their transition to civilian life,” Shoemaker added.
All three are also returning to the USA Mortgage fold after having left the firm for affiliation with Highlands Residential Mortgage in Fairview Heights.
USA Mortgage offers the ability to perform all home loan processing steps – from origination through closing and funding – in-house.
“Our structure simplifies and speeds the mortgage acquisition process,” said Doug Schukar, DAS/USA president and chief executive officer.
The lender offers a range of conventional, Federal Housing Administration, Veterans Affairs and U.S. Department of Agriculture home loans for purchase or refinance.
In the bi-state region, DAS/USA Mortgage has topped the $1 billion mark in home loan volume annually since 2009 and been tabbed its largest home lender since 2012.
Founded by Schukar in 2001, DAS is licensed in 17 states and employs approximately 375 mortgage professionals.