DAS Acquisition Co. LLC, St. Louis, has purchased a portion of the assets of LoanSurfer.com LLC for an undisclosed price. Douglas A. Schukar, president and chief executive officer of DAS, said the purchase includes the retail mortgage business for the St. Louis metropolitan area currently operating under the name USA Mortgage, along with the business-to-business private-label mortgage activity and other loan origination phases of the business. Mr. Schukar joined LoanSurfer.com in February of last year as the vice president of sales and new business development.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
April 28 -
The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
April 28 -
The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
April 28 -
Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
April 28






