USA Mortgage
USA Mortgage is an employee-owned, full-service residential mortgage lender headquartered in St. Louis, originating purchase and refinance loans through 50+ branches across 46 states plus DC, serving homebuyers, homeowners, and self-employed and veteran borrowers.
- Company typePrivate
- Founded2004
- HeadquartersSt Louis, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What USA Mortgage does
USA Mortgage, operating legally as DAS Acquisition Company, LLC (NMLS #227262), is a full-service, employee-owned residential mortgage lender headquartered in St. Louis, Missouri. Founded in 2004 by Douglas A. Schukar, the company originates purchase and refinance mortgages through a multi-channel distribution platform: a 50+ branch retail network spanning 46 states plus DC, a wholesale division (DAS Wholesale) serving mortgage broker partners, and a regional consumer sub-brand (Life Mortgage) operating in Washington, Oregon, and Arizona. USA Mortgage is structured as an ESOP, with employees referred to as "employee-owners."
The company's product suite covers the full residential mortgage spectrum, including conventional, FHA, VA, USDA, jumbo, renovation (FHA 203(k) and HomeStyle), reverse mortgage, bank statement programs for self-employed borrowers, construction, and investment property loans. Supporting technology is primarily a digital mortgage platform with online applications, rate quote tools, mortgage calculators, and SSL/TLS- and VeriSign-secured data transmission. In 2025, the company added enterprise integrations with Uplist's Recapture refinance automation platform and deepened its partnership with Optimal Blue's "Capture for Originators" feature to power rate optimization and refinance recapture.
USA Mortgage earns revenue through a transaction-fee model: origination fees on closed loans plus the interest-rate spread between borrower rates and wholesale investor rates, with loans typically sold to investors post-closing. The company targets homebuyers and homeowners across multiple sub-segments (first-time buyers, self-employed, veterans, renovation borrowers), reaches customers through branch loan originators, online applications, and a Learning Center content hub, and has been recognized as a 2025 Scotsman Guide Top Mortgage Lender in Overall Volume and a Top 50 Mortgage Company in America.
USA Mortgage firmographics
Firmographics- Name
- USA Mortgage
- Legal name
- DAS Acquisition Company, LLC
- Website
- https://usamortgage.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- USA Mortgage is an employee-owned, full-service residential mortgage lender headquartered in St. Louis, originating purchase and refinance loans through 50+ branches across 46 states plus DC, serving homebuyers, homeowners, and self-employed and veteran borrowers.
- Ownership category
- akta.pro rank
USA Mortgage industry classification
Industry- Product category
- Residential Mortgage Lending
- NAICS
- Credit Intermediation and Related Activities (522), Nondepository Credit Intermediation (5222)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Purchase Mortgage Origination (Homebuyer Focused) (FSALAAAD)
- akta.pro secondary industries
- Wholesale Mortgage Lending (Broker Channel) (FSALACAA), Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI), Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL), Reverse Mortgage Origination (HECM & Proprietary) (FSALAIAA)
Keywords
Where USA Mortgage is headquartered
LocationHeadquarters
- HQ city
- St Louis
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
USA Mortgage business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Mortgage Loan Origination: USA Mortgage originates mortgage loans and earns revenue through origination fees and the spread between the interest rate charged to borrowers and the rate at which loans are sold to investors. As a full-service mortgage lender, they originate loans and process them through closing, after which loans are typically sold to investors for servicing.
- Interest Rate Spread: Revenue is generated from the spread between the interest rate offered to borrowers and the wholesale rates available from investors, allowing competitive rates while maintaining profitability.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Rate quotes available upon request through website or loan officer consultation |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
USA Mortgage product offering
Product offeringCore offering
USA Mortgage is a full-service residential mortgage lender that originates home purchase and refinance loans directly to consumers through a nationwide branch network, online applications, and loan officers. It offers a wide portfolio of loan programs including conventional, FHA, VA, USDA, jumbo, renovation, reverse, construction, investment property, and bank statement loans. The company also operates a wholesale lending division (DAS Wholesale) that delivers loan products to mortgage brokers, and a regional consumer brand (Life Mortgage) in Washington, Oregon, and Arizona.
Product overview
USA Mortgage is a full-service mortgage lender operating as a division of DAS Acquisition Company LLC (NMLS #227262). The company offers a comprehensive suite of residential mortgage products including Conventional Loans, FHA Loans, VA Loans, USDA Home Loans, Jumbo Loans, Renovation Loans (FHA 203(k) and HomeStyle), Reverse Mortgages, Bank Statement Programs, Construction Loans, and Investment Property Programs. The product portfolio is organized around home purchase and refinance lending, supported by digital tools (mortgage calculators, online applications, payment processing), educational resources (Learning Center with guides and articles), and operates across three sub-brands: USA Mortgage (consumer retail), DAS Wholesale (mortgage professional wholesale), and Life Mortgage (regional consumer lending in WA, OR, AZ). The company also leverages Uplist's Recapture™ platform for refinance automation as part of their enterprise technology stack.
Differentiator
Problem solved
Functional benefit
Products and services
- Conventional Loans
- FHA Loans Government-backed mortgages insured by the Federal Housing Administration, structured with lower down payment requirements to support first-time and lower-down-payment buyers.
- VA (Veterans Affairs) Loans Mortgages available to eligible service members, veterans, and qualifying spouses, offered through the U.S. Department of Veterans Affairs program.
- USDA Home Loans Zero-down-payment mortgages for homes located in eligible rural areas, backed by the USDA Rural Development program.
- Jumbo Loans Mortgages that exceed conforming loan limits, used to finance high-value property purchases.
- Renovation Loans Loans that combine mortgage and remodeling costs into a single loan, including FHA 203(k) and Fannie Mae HomeStyle options for purchase or refinance combined with renovation.
- Reverse Mortgage Loans allowing homeowners aged 62 or older to convert home equity into cash without monthly mortgage payments.
- Bank Statement Programs Alternative documentation loans that use bank statements to verify income, designed for self-employed borrowers whose income is not reflected on traditional W-2 forms.
- Construction Loans Short-term financing for building a new home, with options to convert to permanent financing upon completion.
- Investment Property Programs Mortgages for purchasing or refinancing rental and investment properties.
- Residential Purchase and Refinance Mortgage Origination (Core Retail Brand) Full-service residential mortgage origination under the USA Mortgage consumer brand, providing home purchase and refinance loans to individual borrowers through branches, loan officers, and a digital application portal.
- DAS Wholesale Wholesale lending division of DAS Acquisition Company, LLC that delivers USA Mortgage loan products to third-party mortgage brokers and loan originators, not for consumer distribution.
- Life Mortgage Consumer-facing mortgage lending sub-brand operating in Washington, Oregon, and Arizona.
- Make a Payment (Loan Servicing Support) Online and mail payment processing for existing mortgage customers, including servicing transfer support.
Quantifiable outcome
- Rate lock guarantee ensures borrowers receive the rate they apply for, protecting against market rate increases
- +1 more outcomes
Companies that use USA Mortgage
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles5 records
USA Mortgage technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
USA Mortgage partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- UplistcoreUSA Mortgage is an enterprise client of Uplist's Recapture™ refinance automation platform. The platform experienced 60% growth in Q3 2025 and over 700% year-over-year growth, tracking more than $100 billion in active loans and identifying $4.7 billion in refinance opportunities. USA Mortgage was added to Uplist's expanded enterprise client roster during Q3 2025.
- Optimal BluecoreUSA Mortgage has deepened its partnership with Optimal Blue to power the 'Capture for Originators' feature, integrating with Optimal Blue's mortgage rate marketplace technology for enhanced refinance and rate optimization capabilities.
- One Source Home ConnectionsminorThird-party service provider that USA Mortgage may share nonpublic personal information with for marketing purposes, as disclosed in the company's privacy policy.
- Matic Insurance Services, Inc.minorInsurance services partner that may receive nonpublic personal information for home insurance referrals and services related to mortgage transactions.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
USA Mortgage competitors and assessment
Company assessmentDirect peers
- loanDepot: Large multi-channel retail and wholesale mortgage lender with national footprint offering purchase, refinance, and HELOC products. Comparable to USA Mortgage on retail/consumer-direct origination, broad loan program mix, and reliance on originator-led distribution.
- Rocket Mortgage: The largest US retail mortgage lender, offering purchase and refinance products through both digital and originator channels. Directly comparable to USA Mortgage as a residential mortgage originator, but at materially greater scale and with a stronger digital-first distribution model.
- United Wholesale Mortgage (UWM): Largest US wholesale (broker-channel) mortgage lender. Directly comparable to USA Mortgage's DAS Wholesale division on broker-channel distribution, product breadth, and target borrower base.
- Fairway Independent Mortgage Corporation: Privately held retail mortgage lender with a large branch network and broad loan program offering (conventional, government, jumbo). Closely comparable to USA Mortgage on retail branch-led model, mid-size scale, and nationwide geographic reach.
- Movement Mortgage: Privately held retail mortgage lender with a large branch network across the US. Comparable to USA Mortgage in multi-state retail origination, broad product mix, and employee-focused culture.
- Guild Mortgage: Privately held retail mortgage lender with national branch presence offering conventional, government, and specialty loan programs. Closely comparable on retail branch model, product breadth, and purchase-driven business mix.
- NewRez (formerly New Penn Financial): National residential mortgage originator and servicer with retail and wholesale channels. Comparable to USA Mortgage on multi-channel distribution (retail + wholesale) and broad loan program offering.
- Caliber Home Loans: Privately held full-service residential mortgage lender with retail, wholesale, and correspondent channels. Comparable to USA Mortgage on multi-channel model, broad loan programs, and similar mid-large origination scale.
- Paramount Residential Mortgage Group (PRMG): Privately held retail and wholesale mortgage lender with national branch presence and broad product offering. Comparable to USA Mortgage on retail branch-led model, multi-channel reach, and product diversification including government and non-QM programs.
Emerging players
- Homebridge Financial Services: Privately held mortgage lender with retail and wholesale channels, recently acquired by Stone Point Capital/Ready Capital. Comparable to USA Mortgage's wholesale division on broker-channel focus, though more heavily wholesale-skewed.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
USA Mortgage social profiles
Digital presenceUSA Mortgage financial estimates
Financial estimateRevenue estimate
Valuation estimate
USA Mortgage leadership team
Management profileNumber of profiles
Profiles1 record
USA Mortgage subsidiaries and ownership
Company hierarchySubsidiaries1 record
USA Mortgage funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
USA Mortgage M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about USA Mortgage
What does USA Mortgage do?
USA Mortgage is a full-service residential mortgage lender that originates home purchase and refinance loans directly to consumers through a nationwide branch network, online applications, and loan officers. It offers a wide portfolio of loan programs including conventional, FHA, VA, USDA, jumbo, renovation, reverse, construction, investment property, and bank statement loans. The company also operates a wholesale lending division (DAS Wholesale) that delivers loan products to mortgage brokers, and a regional consumer brand (Life Mortgage) in Washington, Oregon, and Arizona.
Is USA Mortgage a public or private company?
USA Mortgage is a private company. It is classified as management employee owned and is currently operating.
When was USA Mortgage founded?
USA Mortgage was founded in 2004. It employs 501 to 1,000 people.
Where is USA Mortgage based?
USA Mortgage is headquartered in St Louis, United States, in the North America region.
How does USA Mortgage make money?
Two revenue lines are on record. Mortgage Loan Origination is the primary driver. The others are interest Rate Spread.
Who are USA Mortgage's main competitors?
Direct peers on record are loanDepot, Rocket Mortgage, United Wholesale Mortgage (UWM), Fairway Independent Mortgage Corporation, Movement Mortgage, Guild Mortgage, NewRez (formerly New Penn Financial), Caliber Home Loans and Paramount Residential Mortgage Group (PRMG). Homebridge Financial Services is listed as an emerging player.
Does USA Mortgage have an API?
No public API is recorded for USA Mortgage.
What industry is USA Mortgage in?
USA Mortgage's product category is Residential Mortgage Lending. Its primary akta.pro industry code is FSALAAAD, Purchase Mortgage Origination (Homebuyer Focused), with a secondary code of FSALACAA, Wholesale Mortgage Lending (Broker Channel). Its NAICS code is 522 and its SIC code is 6162.