Consumer Direct of America/Las Vegas Mortgage Sets Revenue and Loan Volume Record for Period.Business Editors SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Aug. 15, 2002 Consumer Direct of America, www.cdofamerica.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CDIT CDIT Career Development Training Institute CDIT Cross Development Integration Team (Navy) CDIT Channel Distribution Information at the Transmitter CDIT California Office of Information Technology CDIT Clinton Did It Too ), today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. Mortgage of Las Vegas has set a year-to-date revenue and loan volume record for the company. Las Vegas Mortgage and its five operating net branch offices had closed loan volume of $159 million and revenue of $5.6 million for the period ended July 31, 2002. The performance figures represent an increase of more than 40% growth in both loan volume and revenue. The company operates five branch offices and has more than 180 loan officers located in southern Nevada. A sixth branch office in Green Valley, Nev., was opened in July of this year. "This strong growth in our home equity business demonstrates that we're making very good progress in executing our expansion strategy," said Ray Williams Ray Williams can refer to:
"Our growth is right on plan for the year and we are excited about our prospects as we head into the strong part of the mortgage selling season here in Nevada. This sets the stage for our multi-state roll-out later this year," commented Williams. "We are thrilled at the results," stated Michael Barron Michael “Mickey” Barron (born 22 December,1974 in Chester le Street) is a professional footballer who currently plays for Hartlepool United in League One. Micky Barron started his career at Middlesbrough. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of Consumer Direct of America, the parent company. "Their progress here in Nevada continues to underscore why Las Vegas Mortgage is the largest mortgage broker in the state of Nevada and growing." "We look forward to reaching our goal of funding over $75 million per month by December," said Barron. About Consumer Direct of America Inc. The company owns and operates business units in three core competencies: Telco Marketing Group -- CD Tel -- Business-to-Business local & long distance telephone services Financial Services Marketing Group -- HomeAdvantage -- Homeowners membership club -- St. Andrews International Golf Association -- Golfers membership club Membership Services Group -- HomeAdvantage -- Homeowners membership club -- St. Andrews International Golf Association -- Golfers membership club The company's operating companies are linked to its national marketing centers, housing state-of-the-art phone and computer systems, which provide the company with the ability to operate numerous marketing campaigns for its products and customers -- inbound, outbound and broadcast. The company captures and tracks consumer data, producing real-time reports for effective analysis, modifications and redirecting towards other products and services offered by CDA (1) (Compact Disc Audio) The compact disc file extension that is seen on the computer in Explorer or some other file manager. CDA files are actually pointers to the locations of the individual tracks on the CD medium. See CD-DA. or which its clients may have an interest or need. The company operates a 13,000 sq. ft. telesales call center in Las Vegas, a 3,500 sq. ft. headquarters in Irvine, Calif., a 3,000 sq. ft. sales office in Denver, a 7,000 sq ft. mortgage processing center in Las Vegas and has six branch mortgage locations. The company employs more than 350 people. |
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