Business is booming at USA Mortgage, which has exceeded $1 billion in annual volume.
The Creve, Coeur, Mo.-based firm reported today that it has already surpassed $1 billion in annual originations this year. It’s the first year that the company has reached the milestone.
Activity was up from $586 million for all of 2008.
USA hopes to surpass $1.2 billion in volume by the end of the year.
Parent company DAS Acquisition Company LLC is “the largest mortgage bank in metro St. Louis,” according to the statement.
Employment at USA has increased from fewer than 100 early last year to more than 200 today.