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Happy 10-Year Anniversary to Dakota Asset Services

Ten years ago, Dakota Asset Services sold its first property in Saint Petersburg, Florida. Who is Dakota Asset Services, you ask? I’m happy to explain!

Dakota is a subsidiary of Rushmore Loan Management Services. Combined with our Correspondent Lending division and our Servicing division, we have a strong, tight-knit family that is structured to weather tumultuous market conditions. And thank goodness for that, since these are very tumultuous times in the mortgage industry.

Dakota is at the “caboose” of the mortgage cycle and prides itself in selling real estate – and helping support local communities through the disposition of that real estate. Whether it’s aiding someone in transitioning to a new property, deploying capital to local contractors through repairs, or preparing a home for a new family to purchase, Dakota helps to close the loop on the mortgage cycle and helps strengthen the local area where the property is located.

Dakota Facts and Figures
Remember that Saint Petersburg property I mentioned earlier? Dakota sold that property for a tidy $29,900 in 2012, and according to Zillow, it’s worth almost a quarter of million dollars today! Here are other facts and figures about Dakota’s first 10 years:

  • Over 36,000 properties sold
  • $5.7 billion in real estate sold
  • Average sale price of $155,600
  • Highest sale price was $7 million for a property in Houston, Texas
  • Top 3 states by volume:
    • New Jersey (4,255 units)
    • Florida (3,902 units)
    • New York (2,946 units)

Brian Martin has been Dakota’s Chief Operating Officer since 2019, and before that, he also worked at Rushmore. “I’ve been fortunate enough to see many sides of Rushmore and Dakota, and we’ve had amazing employees everywhere I’ve been,” Brian said. “Dakota is a valuable part of the Rushmore family, and I’m proud of Dakota employees for working to ensure our collective success, now and in the years to come.”

This 10-year milestone is a momentous occasion for Dakota and the entire Rushmore family. Though small in size, Dakota makes a mighty impact on our business – enabling us to be a truly multi-pronged and efficient enterprise. With respect to Rushmore’s core values, We Are Proud, today and always, of our talented and dedicated Dakota team.

Happy 10-year anniversary Dakota. The Rushmore family appreciates your many contributions and is counting on you for many more years of success!

Helping Our Heroes: Veterans and Service Members

The lives of our military service members are incredibly challenging. Aside from the obvious dangers of combat, service members face many challenges and concerns, including time away from family, relocations, and spouse unemployment or underemployment. And veterans say that access to health care and military benefits are their top concerns, according to Blue Star Families’ annual Military Family Lifestyle Survey.

All of those challenges are tough enough to deal with. Now add inflation, record-high gasoline prices and rising interest rates to the mix. This economic triple-whammy is difficult for all of us, but even more so for our veterans and service members. Serving our country is a selfless act – the heroes who answer the call risk their lives to protect all that we hold dear. And no amount of monetary compensation is commensurate with the sacrifice.

Fortunately, there are organizations that strive to help veterans and service members. One such organization is the Veterans Financial Services Advisory Council (VFSAC). VFSAC strives to address the ongoing needs of veterans and their families in search of support related to housing and critical services.​ And VFSAC works closely with Operation Homefront, a nonprofit whose mission is to build strong, stable and secure military families so they can thrive — not simply struggle to get by — in the communities they have worked so hard to protect.

I have close ties to VFSAC; I’m honored to serve as chairman for VFSAC, which recently held its 3rd Annual Golf Classic in Frisco, Texas. The goal of the Golf Classic is to raise funds in an effort to support our military veterans and their families for their service and the sacrifices they have made for us.

Rushmore Loan Management Services is an annual sponsor of the VFSAC Golf Classic. This year, we also served as co-host, and Rushmore’s All for Won core value was on full display as 100 Rushmore employees joined forces to volunteer and help ensure a successful event.

Events like the golf classic provide a big boost in our fundraising efforts, and they bring attention to the fact that more can be done to help our military families. If you are able, please consider helping our heroes at home as an act of gratitude for all they have done to protect us and our great nation.

Rushmore Offices Reopening in April: Base Camp and Beyond

It’s been almost two years to the day since Rushmore sent our employees home in response to the COVID-19 pandemic. During these past two years, our employees have amazed me with their adaptability, dedication and professionalism. It is because of them that Rushmore has continued to thrive throughout the pandemic.

Now, two years later, I’m thrilled to announce: We’re back! Rushmore is reopening our offices and welcoming back our employees in Dallas (April 11), Oklahoma City (April 13) and Irvine (April 14).

The Dallas Reopening is also a GRAND Opening
We were originally set to move from our Farmers Branch building last year, but COVID-19 foiled those plans. So now, we get to enjoy a double celebration – getting our team back together in person and the grand opening of our new official headquarters in Irving on April 11. We’ll have a ribbon-cutting ceremony, tours of the new facility for our employees, and more. Stay tuned for more details and invitations.

Base Camp and Beyond
I like to refer to our new space in Irving and our other physical office locations as our Base Camp – a place for our team to meet up and collaborate as we plan our strategy to summit the mountain together. I’m excited to introduce Base Camp and Beyond as the theme of not only our upcoming celebrations, but also as a future-focused rally cry that reflects our connection with one another across a dispersed and diverse organization.

Whether our employees are working at Base Camp, leveraging our Me, We and Us spaces to innovate with their team, or are engaging remotely, we’re modernizing and enhancing our spaces and tools to enable our team to do their best work. Our priority is to support in-person and virtual experiences for our entire team that foster productivity, well-being and belonging.

Returning to the Office – How Does That Work?
Earlier this year, employees in our new Fort Lauderdale location were welcomed into their space, and many work a little differently than pre-pandemic times. Our team there served as a model for testing flexible scheduling options, ultimately doing what makes sense for our people. Now, in Dallas, Oklahoma City and Irvine, we will follow suit, which means:

  • Some employees will return to the office full time.
  • Some employees will be on a hybrid schedule, with some days on-site and some days remote.
  • Some employees will continue to work remotely full time.

Decisions on which employees will do what are being reached at the team level in consultation with employees and management. We’re taking this approach because in this post-pandemic world, our management team knows that it’s critical to offer work-life balance and flexibility if we want to continue to attract and retain top talent. Our customers and clients deserve nothing less. We’ve built a strong, resourceful team, and we intend to keep it that way.

I would be remiss if I didn’t acknowledge and thank our employees who have been reporting to the office throughout the pandemic. I appreciate their above-and-beyond efforts to keep our business running and to serve our clients and partners.

I’m Thrilled to be Coming Back
I’m incredibly excited to be going back to the office and reuniting with our work family. Maybe it’s a generational thing, but I feel that being on-site with co-workers is so much better for culture and collaboration. Even though we won’t all be on-site, just the prospect of more personal interaction and team-building energizes me and makes me feel even more optimistic about our future.

To recap, I’m pumped up about reopening all of our offices and about offering our team amenities and options that support collaboration and strengthen our culture. Let’s do this!