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Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Colorado Firm Projects $3 Billion This Year

Cherry Creek Mortgage founded in 1986

Sept. 24, 2009

By staff

A mortgage banker based in Colorado has grown from just $13 million in annual originations to more than $3 billion. An in-house customer relationship management solution is credited with enabling loan officers to originate more.

In an announcement yesterday, Cherry Creek Mortgage Co. reported that it is "on track to underwrite over $3 billion in mortgages this year."

Volume has increased from less than $1 billion in 2000. Cherry Creek reports mortgage production as far back as 1987, when it funded just $13 million.

Business is originated from 30 offices in 10 states, according to the Greenwood Village, Colo.-based firm. Headcount stands at 500.

The chairman of Cherry Creek, which was founded in 1986, is former U.S. Senator William L. Armstrong. Co-founder Jeffrey S. May is president and chief executive officer.

Last year, Cherry Creek acquired four production branches from CTX Mortgage.

In today's statement, the independent lender touted its customer relationship platform, ClientKeeper, which serves as a marketing and lead management tool.

"The goal with ClientKeeper is to enable loan officers to originate more loans, more
profitably and effectively.," Cherry Creek said.

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