USA Mortgage Launches New Joint Venture

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Susan A. Pomfret - USA Mortgage

For more information about the author, click to view their website: USA Mortgage

Posted on

Nov 08, 2024

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Florida - Southwest

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The St. Louis Business Journal reports: Creve Coeur-based DAS Acquisition Co. LLC has entered into a joint venture agreement with a Phoenix-based real estate franchisor to boost loan volume.

DAS Acquisition, the home mortgage lender that does business nationwide as USA Mortgage, said the venture with Realty Executives International Services LLC is starting with two loan offices in the St. Louis area and one in Kansas City.

The brand name is Mortgages by Experts and the legal name of the joint venture entity is Mortgages by Experts 1 LLC. The final documents were signed last month.

The two local offices opened this week with four loan officers working in existing offices of franchisee Realty Executives of St. Louis in Sappington and Imperial. The Kansas City office will have one loan officer and will open later this year. Ron Mueller, president of DAS Acquisition, said the goal is for the three offices to reach $200 million in annual loan volume, generating $5.5 million in annual revenue.

“We’re excited to partner with Realty Executives International because they have hundreds of franchises all over the United States,” said Ron Mueller, president of DAS Acquisition.

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Local Services By This Author

Susan A. Pomfret RICP, USA Mortgage

Reverse Mortgages , Naples, Florida, 34104

At USA Mortgage, we are passionate about helping seniors achieve financial flexibility through Home Equity Conversion Mortgages (HECMs) and other Reverse Mortgage solutions. With a customer-focused approach and over two decades of experience, we provide tailored mortgage options designed to meet the needs of homeowners aged 55 and older.Our dedicated local Team are experts in HECMs/Reverse Mortgages, guiding you every step of the way with a seamless loan process. Whether youre looking to access your homes equity, refinance, or explore a HECM or Reverse for Purchase option, USA Mortgage offers a wide range of solutions to help you reach your financial goals.We pride ourselves on delivering a reliable, detail-oriented, and personalized experience. From the initial consultation toloan closing, our Team is committed to finding the right product that works for you, providing peace of mind and financial freedom. Trust USA Mortgage to be your premier home loan partner, empowering you to make the most of your retirement years.We offer a wide range of mortgage options to suit your specific needs and financial goals. From conventional loans to FHA, VA, and USDA loans, HECM and Reverse Mortgage loans. USA Mortgage has the expertise to help you find the perfect mortgage solution. Susan A. Pomfret, RICP has a career spanning several decades, she is proud to be one of the trailblazers in the reverse mortgage industry, having the honor of originating one of the first HECMs in Rhode Island in 1989 and has since dedicated her career to advancing the industry, playing a pivotal role in elevating companies to new heights. Under her leadership, she has transformed HECM closings, overseen vast teams, and engineered sales strategies nationwide.Susan's passion extends beyond just professional accomplishments; she is deeply committed to the senior community. This is reflected not only in leadership roles within senior-focused non-profit organizations but also in the dedication as a volunteer and advocate. She has been published in numerous mortgage publications, covered esteemed events like the White House Conference on Aging in 2005 and 2015, and was chosen to assist in writing the first Certified Reverse Mortgage Professional (CRMP) exam for the industry's trade organization, the National Reverse Mortgage Lenders Association (NRMLA).In addition to Susan professional endeavors, she holds a Bachelor Degree in Paralegal Studies, a Certificate in Gerontology from Roger Williams University and the Retirement Income Certified Professional Designation from The American College of Finance Services. Susan is driven by the mission to enrich the lives of our senior population and empower retirees to live a financially stress-free retirement.Contact Susan Pomfret, RICP at 401-595-7300 to schedule your free consultation.NMLS#1253876. Licensed in FL (License #LO125044)