Capital Mortgage Solutions (CMS) announced its acquisition by St. Louis-based USA Mortgage/ DAS Acquisition Co., LLC earlier this month. The St. Louis company is the largest private mortgage bank and mortgage lender in the St. Louis metropolitan area.
Founded in 2008 by Brandon Wooley, CMS employs five mortgage professionals in offices at 1739 E. Elm St., Suite 102, in Jefferson City. Aided by the enhanced funding resources and loan processing support now available through USA Mortgage, Wooley projects that the office will exceed $18 million in home loan volume in 2014.
CMS was named Top Small Business of the Year by the Jefferson City Chamber of Commerce in 2012 and last year a CMS employee, Jessica Stuenkel, was a finalist in the chamber's Exceptional Employee of the Year competition.
"As we explored making the transition, we found that we shared a business philosophy of creating a customer for life. It was a good fit," said Wooley. "Especially attractive to us is that USA can keep loan processing - from origination through closing and funding - 100 percent in-house. This capability simplifies and streamlines the mortgage process, two big pluses for customers."
"We're delighted to add Jefferson City to our network of home loan offices and to support Mr. Wooley's drive to bring value to the mortgage marketplace. We anticipate growing our sales team there in the months ahead," said Doug Schukar, USA/DAS president and chief executive officer. "Our goal is to extend the market leadership we've established in the St. Louis region to Mid-Missouri as we work to become Missouri's top home lender."