Dana Capital Group - Wholesale Lender
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Rumors have been swirling around since at least the beginning of this year that Dana capital was in trouble, largely because of missed payments to brokers, though apparently there is a smattering of lawsuits against the company as well.
More definite reports now put the company in liquidation status:
See more discussion at the thread here.
The web site, which is still up as of this writing, describes some basics of the company:
Founded in 1995 by real estate industry veteran Dana Smith, Dana Capital Group provides a broad range of loan products to customers nationwide. The company's mission is to provide fast and efficient mortgage services to customers, while making the loan process as simple and convenient as possible. Dana Capital's extensive mortgage lending experience and knowledgeable staff have driven the company's tremendous growth, with volume just under $3 billion annually. Dana Capital is privately held and headquartered in Orange County, California.
The thread above also describes some potentially questionable dealings involving one "Sage Credit," which seems to have some connection to Dana.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.