Dana Capital Group Sets New Annual Sales Record in 2004 with Over $3 Billion in Loan Volume

Irvine, CA (PRWEB) February 10, 2005

Dana Capital Group, one of California’s largest privately held mortgage companies, today announced a new annual sales record with closed loan volume of over $3 billion in 2004, surpassing its original volume target of $2.56 billion by over half a billion dollars. The company’s innovative retail network model has contributed largely to its success, enabling over 1,100 Dana Capital employees to originate mortgages across the nation, including first mortgages, home equity loans, refinancing and debt consolidation loans. To accommodate the significant growth in business, Dana Capital is relocating to new headquarters in the Irvine Spectrum, one of Orange County’s premier business and economic centers.

“We are very proud of our team’s high levels of dedication, performance and execution - all of which enabled us to surpass our original 2004 volume targets and set an impressive new annual record,” said Dana Smith, president of Dana Capital Group. “Although marketplace commentary indicates a possible downtrend in residential real estate for 2005, Dana Capital will continue to grow by leveraging our unique retail network formula and focusing on the subprime market.”

About Dana Capital Group

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 Group is privately held and headquartered in Orange County, California. For more information, please visit http://www.danacapital.com.

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