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USA Mortgage creates division for joint ventures

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St. Louis-based USA Mortgage has created a new division designed to form joint ventures.

DAS Partnerships will look to enter joint ventures with real estate companies, builders and “pretty much anyone who wants to start a mortgage company,” said Ron Mueller, executive vice president of USA Mortgage.

The goal is for the new division to generate $1 billion annually in loan volume within three years.

Read more from the St. Louis Business Journal.

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