For the fourth consecutive year, St. Louis-based USA Mortgage/DAS Acquisition Company LLC has qualified for the Inc. 5000 ranking of the nation's fastest-growing private companies. The firm was ranked 2190th in the 2013 Inc. magazine survey. USA Mortgage/DAS is an independent mortgage bank that is a top home lending institution in metro St. Louis, Mo. Currently, it participates in one out of every 12 home loans executed in the region according to Doug Schukar, president and chief executive officer.
USA/DAS attained the Inc. 5000 ranking by growing revenues of $30.9 million in 2009 to $82.9 million in 2012, an increase of 169 percent. The company ranked No. 117 nationally in its financial services category.
The firm set an all-time high of $1.75 billion in loan originations in 2012, a 60 percent increase over the $1.1 billion it booked in 2011. It expects to surpass the $1 billion in loans threshold by the end of August, making 2013 the fifth consecutive year it will have accomplished the feat.