'Elite' Mortgage Company Launched

Quentin Caruana has announced the formation of Sage Credit Co., an Irvine, Calif.-based mortgage brokerage firm that he says will fund its own loans and employ only "elite industry performers with proven track records for success."Sage currently has branches in Orange County, San Diego, and Sacramento, Calif., Las Vegas, and New Jersey, but 40 branch locations are planned across the country, the company said. "The vision for Sage is to set a new standard in the industry by bringing together first-class professionals with direct and immediate access to funds and the technological tools that allow for the delivery of a superior product to the consumer looking for a mortgage," said Mr. Caruana, who is Sage's president. Mr. Caruana, 30, is also president of Quantum Escrow Inc. and previously headed an unnamed mortgage company with a sales volume of $3 billion, Sage said. The company can be found on the Web at http://www.sagecreditcorp.com.