BEAVERCREEK — The largest private mortgage bank and mortgage lender in Missouri, DAS Acquisition Co., LLC, has opened a full-service home loan office under the USA Mortgage marketing banner at 70 Birch Alley, Suite 240.
Heading the 20-person office Christopher Rines and Ryan Schrempp, both 19-year veterans of the home lending industry. Additionally, Ryan’s wife, Candy, is operations manager for the office.
Rines, Schrempp and 18 of their associates migrated to USA Mortgage from the Dayton office of privately held MCS Mortgage Bankers, Inc. based in Patchogue, New York. Projecting $80 Million in Loan Volume in First Year
“Recent reports of accelerating job growth across Ohio in the first quarter of 2017 are encouraging,” said Rines. “We see Dayton and north suburban Cincinnati – the primary markets on which our office focuses – participating in that upturn and gaining momentum as 2017 unfolds. We project that the office will generate about $80 million of loan volume in its first year of operation, with that number growing in 2018 as we aggressively recruit to expand our team.”
In St. Louis, USA Mortgage has topped the $1 billion mark in home loan volume annually since 2009 and been credited as Missouri’s largest home lender since 2014. Under the leadership of founder Doug Schukar, president and chief executive officer, DAS continues to expand across the U.S. Ohio becomes the 21st state in which it is licensed.
“With a record of team-oriented achievement spanning nearly two decades, we see Ryan and Chris as proven professionals who can expand our footprint in southwestern Ohio,” said Schukar.
A competitive differentiator for the St. Louis-based company is its ability to perform all home loan processing steps – from origination through closing and funding – in-house. “Our structure simplifies and significantly speeds the mortgage acquisition process,” said Rines. The lender offers a full range of conventional, Federal Housing Administration (FHA), Veterans Affairs (VA) and U.S. Department of Agriculture (USDA) home loans for purchase or refinance.
Schrempp added, “Our goal is to replicate in the region the market leadership USA Mortgage has achieved in Missouri. We believe our products and support infrastructure will prove instrumental in helping us to attract the caliber of licensed loan officer we seek.”
Story courtesy of USA Mortgage.