The reverse mortgage division of Cherry Creek Mortgage, 1st Reverse Mortgage USA, is looking to grow its national sales team through the promotion of its very own seasoned sales executive Steve Scheiern to the position of national retail sales manger, the company announced Friday. In his new role, Scheiern will be responsible for growing 1st Reverse […]

In case you missed it, here’s what happened in reverse mortgage news  this week: Court Rules on Additional Non-Borrowing Spouse HUD Case—A U.S. District Court issued a memorandum opinion expressing whether certain initiatives set forth by the Department of Housing and Urban Development in its handling of two non-borrowing spouse cases could be considered as […]

1st Reverse Mortgage USA, a division of Cherry Creek Mortgage Company, is rolling out a new sales lead generation and distribution platform, the company announced Friday. The company also announced new additions to its operations team, which it has been expanding in recent months with new hires. The new sales lead generation and distribution platform includes […]

The reverse mortgage division of Cherry Creek Mortgage, 1st Reverse Mortgage USA, is ramping up its wholesale correspondent channel with the hires of four new account executives.  The company announced this week it has hired Lori Erskine, Timothy Parker, Darren Primicias and Lauralis Soberal to the wholesale sales team. The hires come following a leadership […]

Cherry Creek’s 1st Reverse Mortgage USA announced today that Sandy Tennekoon, former managing director for Reverse Mortgage Solutions has joined the company’s wholesale correspondent division.  Based in Lakewood, Colorado, 1st Reverse Mortgage USA has recently made waves through its efforts to partner with homebuilders on the HECM for purchase product. Earlier this year, the company […]

1st Reverse Mortgage USA, a division of Cherry Creek Mortgage Company, Inc. recently appointed Eric Colburn as Corporate Business Development Manager for the company. Colburn brings nine years of business experience to the Top-10 reverse mortgage company. Colburn served as vice president for Client Management and Business Development for ReverseVision, Inc. where he was responsible for […]

American Advisors Group (AAG) is continuing to drive top volume among reverse mortgage lenders, according to the latest Department of Housing and Urban Development data, reported by Reverse Market Insight (RMI). AAG ranks as the No.1 Top-10 lender in May, with 1,382 loans closed during the month. One Reverse Mortgage LLC follows with 396 loans closed. AAG […]