Cherry Creek Mortgage Expanding Reverse Mortgage Channel
Reverse mortgage division of Cherry Creek hires new leadership
November 1, 2021 – Denver, Colorado – Cherry Creek Mortgage, a nationwide, full-service mortgage lender, Ginnie Mae HMBS issuer and servicer of HECM reverse mortgages, today announced it has hired a new leadership team to expand the company’s reverse mortgage division.
Reverse mortgage executives Bruce Barnes and JimCory have joined Cherry Creek as managing directors of the reverse mortgage division. Under their leadership, the company intends on expanding its reverse mortgage presence in retail, wholesale and closed loan production.
“We are excited about the opportunity to advance Cherry Creek as a leading, retail, wholesale and closed loan purchaser of reverse mortgages,” said Barnes. “Together, Jim and I have built several successful reverse mortgage platforms and have been responsible for funding billions of dollars in reverse mortgage production. It is our plan to make the reverse mortgage division the best place to work and to become a leading lender in the reverse mortgage space.”
“We believe the company has an untapped opportunity to leverage our large retail team, joint ventures and other strategic initiatives to expand our reverse mortgage presence,” said Rick Seehausen, president and COO of Cherry Creek Mortgage. “With the recent strong rise in home price appreciation around the country and our ability to securitize and service the reverse product, it’s an opportune moment to showcase reverse mortgages, which can be a valuable tool for seniors. We are very committed to this business and are here to stay.”
About Cherry Creek Mortgage
Cherry Creek Mortgage, LLC, NMLS #3001 has a 34-year tradition of serving the needs of home buyers across the country. With a reputation built on a passion for responsible lending and dedication to personal relationships, Cherry Creek Mortgage has helped thousands of customers realize their goal of home ownership. Cherry Creek Mortgage’s specialized internal processes and proprietary technology deliver a digital mortgage experience with a personal touch. The company is headquartered in Colorado and is licensed in 38 states, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin, Wyoming. Learn more at cherrycreekmortgage.com.