Dave Smith now selling mortgages

Journal of Business | October 9, 2008| | Copyright

Dave Smith Motors, the high-volume motor-vehicle dealership based in Kellogg, Idaho, has added home mortgages to its product mix.

The dealership has created a new department called Dave Smith Home Loans, which is operating in a 600-square-foot office in the main dealership building in Kellogg and in a second, 1,600-square-foot location above the service center at Dave Smith Frontier Sales, in Coeur d'Alene, says Matt Smith, president of the new operation. Dave Smith Frontier Sales is a used-car outlet.

Matt Smith is a cousin of Ken and Eric Smith, the top executives at Dave Smith Motors. He ...

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