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A 30-year-old mortgage professional and escrow services company executive who previously led a $3-billion-a-year originator has launched his own lender, Sage Credit Co.
The president of Quantum Escrow, Quentin Caruana, said in a Sage Credit press release that his new company is licensed in all 50 states, the District of Columbia, and by the Department of Housing and Urban Development, and has a number of branches already in place, most of which are in Orange County, Calif., and others in Sacramento, San Diego, Las Vegas and New Jersey.
It plans to have a total of 40 branch locations across the United States open by the end of the second quarter. Sage Credit describes itself as "a superior invite-only,...