Black-Owned Nationwide Servicer DMS Opens Its Doors

Diverse Mortgage Services has officially launched its operations.

DMS is one of the nation’s first Certified Minority Business Enterprise mortgage servicers, according to a press release.

Founded by Chuck Sanders, a former running back for the Pittsburgh Steelers, DMS is the second mortgage services company he has grown since becoming an entrepreneur, having founded Urban Lending Solutions in 2002. He served as its CEO until he sold the business in 2017.

His goal for DMS was to open the first Black-owned title company with nationwide coverage.

The company uses minority investor ServiceLink’s platform, EXOS, to provide industry-best title and close services to its clients.

“We’re in the business of solutions. There is a great need for diversity in third-party mortgage services and Diverse Mortgage Services is a challenger in the market, providing lenders with a nationwide, Tier 1 provider that is committed to driving the industry forward, along with helping to guide and support the next generation of diverse leaders,” Sanders, president and CEO, said.

“We are the solution for lenders who are committed to diversity, equity, and inclusion. We reflect the communities we serve, and we are creating a seat at the table for more minority-owned businesses to enter the space. We are spreading the message far and wide that different perspectives are needed in mortgage services and we’re here to create that platform.”

Sanders’ son, CJ, a 2020 Bucknell University graduate with a degree in finance, serves as DMS’s SVP of operations and diversity.

The two hope their successful venture will encourage other historically underrepresented communities to choose financial services as a career.