Dexma Handles More than $200 Billion in Clients' Loan Volume in 2004

MINNEAPOLIS – Mortgage technology firm Dexma, one of two partners-the other being BECU-that formed Prime Alliance Solutions in 2000, handled approximately $209 billion in loan volume for its clients in 2004. Dexma’s client list includes top lenders such as First Horizon Home Loans, U.S. Bank Home Mortgage, E*TRADE FINANCIAL, and about 40% of the credit union market through Prime Alliance Solutions, a mortgage CUSO that includes more than 75 CU and CUSO customers representing more than 400 CUs. According to Dexma, during 2004 Prime Alliance customers originated over $22.5 billion in loan volume – that’s about the size of the eleventh largest U.S. retail mortgage lender. PA now has nearly 40% of the total credit union market. Dexma President Steve Mase said the company’s vision “is to Web-enable a fragmented mortgage industry and process through strategic partnerships with key market aggregators.” In 2004, Dexma ranked number 244 on the 2004 Deloitte Technology Fast 500, a list of the 500 fastest growing technology companies in North America.