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Sage Credit Company Exceeds First-Year Goal of $1 Billion in Closed Loan Volume
By James Comtois
Despite a substantial downturn in market conditions, a new national mortgage banking company based in Irvine, Calif. has exceeded its aggressive first-year closed loan volume goal. After being open for business for only a year, Sage Credit Co., Inc., an exclusive mortgage lending firm, has exceeded its first-year goal of $1 billion in closed loan volume.
Sage Credit Co.'s management team set an aggressive goal of funding $1 billion during its first 12 months of operation. The first year of operations goal was accomplished through the cumulative efforts of each of the company's retail branch offices. "We were able to achieve our first $1 billion in closed loan volume by organizing our retail loan originators to focus on quality production. In doing so we gained efficiencies throughout the company," said Quentin Caruana, Sage Credit Company's founder and president, in a statement.
"We've been able to meet or exceed the needs of our customers in an increasingly competitive market," Mr. Caruana added. "By independently funding loans, we're able to efficiently work on their behalf, saving them both time and money in the process."
Sage Credit Co. has direct access to funds through Wall Street conduits that uses real-time rates direct from Wall Street while maintaining state and federal compliance guidelines. The company offers an array of loan products, including mortgages for first-time homebuyers, home equity loans, cash-out refis and debt-consolidation loans.
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