1st Reverse Mortgage USA Promotes Steve Scheiern to Drive Retail Sales Growth

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 […]

Friday Round-Up: NBS Case Update, Reverse Mortgage Volume’s Silver Lining

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 Launches New Sales Lead Platform

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 […]

1st Reverse Mortgage USA Expands Wholesale Correspondent Channel

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 […]

Sandy Tennekoon Joins 1st Reverse Mortgage USA Wholesale Division

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 Hires Colburn to Business Development Team

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 […]

Reverse Mortgage Volume Up as AAG Keeps Top Lender Spot

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 […]

1st Reverse Mortgage USA Shifts Sales Team Alignment

Top-10 reverse mortgage lender 1st Reverse Mortgage USA announced this week it is realigning its sales team as it aims for future growth. The company, a division of Cherry Creek Mortgage, recently detailed changes among its management team, and now is focused on shifting sales roles to better prepare for the future, its executives said. […]

1st Reverse Mortgage USA Shifts Executive Leadership Roles

Top-10 industry lender 1st Reverse Mortgage USA, a division of Cherry Creek, is reworking its executive team, the company announced Monday. The strategic changes in leadership will work toward the company’s long-term goals of realigning the business and continuing to drive growth, 1st Reverse Mortgage USA said in announcing the changes. Further, the changes are […]

1st Reverse Mortgage USA Launches New Lead Platform, Forward Capabilities

Top-10 reverse mortgage lender 1st Reverse Mortgage USA, a division of Cherry Creek Mortgage, has enabled its reverse mortgage loan officers to originate traditional mortgages through the introduction of a new platform.  “With our new turnkey Traditional Mortgage platform, the breadth and depth of our product offerings is now clearly evident. Our Reverse Mortgage Consultants […]