General World News

Guild Mortgage acquires Cherry Creek Mortgage

Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage, a privately-held Colorado-based lender with 68 branches in 45 states.

Cherry Creek will become its own division of Guild, headed by co-founder Jeff May, Guild said on Monday. The terms of the acquisition were not disclosed.

Established in 1987, Cherry Creek offers a wide range of mortgage products including conventional, FHA, VA USDA, USDA, reverse mortgages and home renovation loans.

Cherry Creek brings its know-how with reverse mortgages to Guild, which represents a new opportunity for Guild.

“We continue to look for potential new partners details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com