cherry creek mortgage: Cherry Creek Announces Two of the Best to Join our Company - 12/05/11 04:15 PM
As the Regional Vice President of Cherry Creek Mortgage, on of my primary duties is to recruit, recruit, and recruit. I have to say that I run across some great people over the years. But rarely to I find a team, that from top to bottom, is rooted and grounded in greatness.
Please Welcome Brian Sewell and Jason Renn to Cherry Creek Mortgage. They will be located at 7 Bridges in Woodridge, Illinois. I have gotten to know them over the past few months and they are the epitome of the best of the best. They are young, married entrepreneurs who … (3 comments)
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cherry creek mortgage: Cherry Creek Mortgage THREE PEATS with Reader's Choice Award! - 06/13/11 09:21 AM
Good stuff....just the prior week, I went to the Kane County Chronicle for their annual award's breakfast called "Best of the Best." Every year they have about 80 categories and rank "Best of the Best." There is "Best of the Best," and two others in each category for one of the Best of the Best. Four years ago we broke onto the scene as One of the Best. The last three years, we've been able to 3 Peat...
CONGRATS TO CHERRY CREEK MORTGAGE FOR THREE-PEATING AS KANE COUNTY CHRONICLE'S READER'S CHOICE AS BEST OF THE BEST MORTGAGE COMPANIES … (5 comments)
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cherry creek mortgage: How Bout a Career Move that You'll be Proud You Made? - 05/24/11 09:31 AM
Tired of working for a burn em and churn em mortgage company? I did that in the past and from this point on.....no way! Been here since 2000 and am loving every minute of it!
As for Cherry Creek Mortgage, Here's the deal....
WE JUST 3-PEATED BY GETTING THE READER'S CHOICE AWARDS FOR THE READERS OF THE KANE COUNTY CHRONICLE FOR 3RD YEAR IN A ROW! 1) First, and what I feel is most important. The culture IN CHERRY CREEK MORTGAGE COMPANY is the best BAR NONE!!!!! Our culture is such that people don't leave our company. We're a privately held company. Needless … (8 comments)
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cherry creek mortgage: How's 100 basis points of compensation sound to you? - 04/15/11 09:37 AM
I feel confident that we've found the sweet spot post Dodd. We're paying as aggressively as any mortgage banker out there. We're at 100 basis points just in the Chicagoland area alone. That's huge compared with other mortgage companies. Refreshing in the post Dodd-Frank world.
Here's a success story from one major recruit that I sent to our corporate offices this past Monday:
"Larry, you can use this for your recruiting. First, I wish that I had met you guys a few years ago before I came to my company. I will say that had I only been doing forward mortgages, the … (1 comments)
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cherry creek mortgage: Cherry Creek Mortgage is Going Places....as written in the Denver Post! - 06/24/09 01:47 PM
Jeffrey May, chief executive of Cherry Creek Mortgage, said that in the past the company lost market share and profits when competitors were getting greedy. (Kathryn Scott Osler, The Denver Post )
Cherry Creek Mortgage Co. is among the lenders picking up the pieces in a shattered mortgage industry. About one out of every 500 mortgages made nationally this quarter is coming through the independent lender, compared with one out of every 2,000 back in 2004.
Cherry Creek Mortgage is on track to underwrite a record $3 billion in mortgages this year, compared with the $1.7 billion it has … (2 comments)
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cherry creek mortgage: Please Welcome a New Branch in Milwaukee, Wisconsin - 05/07/09 09:14 PM
Really pleased to announce that Joe Banske and his team are joining our team at Cherry Creek Mortgage. I'm so excited. Joe and I have built a relationship over the last 2 and 1/2 years while he worked for another majore regional mortgage bank. Needless to say, he has finally made the switch.
I really believe that with his team, his expertise and leadership, he will raise up Cherry Creek Mortgage in Wisconsin. What makes Joe so great is that he is the consummate servant leader. He pours a lot of effort into his loan officers raising them up to be the … (6 comments)
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cherry creek mortgage: FHA can help first time homebuyers who think that they'd never get in a home. - 01/17/09 09:22 PM
FHA has had some major changes this past year. The most negative one is that the downpayment has changed from 3 to 3.5%. But really that's the extent of negative changes. The rest of FHA and it's changes have been lateral or better.
FHA is the best thing out there. Really, as a program, FHA has single handedly saved real estate lending. You really can't go wrong with FHA.
First Time Home Buyers can still:
1) Get a gift for the entire downpayment;
2) Allow people who won't live in the house co-sign with the borrower who will live in the … (10 comments)
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cherry creek mortgage: Loan Officers....Looking to make a switch? Now's the time! Cherry Creek's the Place! - 09/03/08 10:48 AM
Tough times calls for tough measures. We've hired 3 loan officers in the last 2 weeks. We have a few branches signing on as well. Life couldn't be better for us given the environment that we're all working in today.
What does Cherry Creek Mortgage (CCMC) have to offer you:
1) A culture that invests within their own. In other words, you're not just a name or an employee ID number that gets a desk and is told to originate. There probably is no other company nationally that pours more into their originators than CCMC does.
2) Coaching - we are … (1 comments)
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cherry creek mortgage: FHA has massive changes forthcoming - 08/26/08 05:20 PM
FHA is now running as strong as ever. What had dwindled down to less than 3 percent of the market is now well over 40% of loan fundings in 2008. For all practical purposes FHA is now THE LOAN OF THE NEW MILLENIUM. Alt-A (or alternative doc loans are all but gone). Stated income loans, no income verification loans, No Doc loans and basically BS'ers loans. There was a petition for loan products to be like "I have a pulse, therefore I have a loan." Those fortunately never made it to market, but they were close.
Sub-prime...those, loans, along with the … (16 comments)
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cherry creek mortgage: Cherry Creek Grows in 2008!!!! - 07/26/08 11:48 PM
I am excited to report that on August 16, 2008 the 3 Denver Metro Area branches of CTX mortgage along with 100% of their originators will join forces with us here at CCMC. Their offices are located in Lakewood, downtown Denver, and in Greenwood Village! Our president has met personally with all of the employees from these branches and I have to say I'm most impressed with the quality of the people that continue to come on board at CCMC. - they will certainly represent Cherry Creek very well in our marketplace here in Denver. This is huge for us.
The additional production is great, but … (4 comments)
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cherry creek mortgage: Jealousy and Anger....the sheer way to implode your business. - 07/16/08 05:50 PM
I have a lot of great competitors in my area. My area that I recruit for is Minnesota, Wisconsin and Illinois. Most of my competitors THAT I KNOW are fun, honest and hard working. There are still little rivalries between our companies, but nothing much pointing myself against them or vice versus. The market is such that most, not all, of the dead weight and sleazy loan officers and mortgage companies have been flushed away.
I have seen one or two of my competitors get to a point that they're obsessed with others in the market. I am the first to … (7 comments)
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cherry creek mortgage: Thank you Kane County! Kane County Chronicle Announces Cherry Creek- A Reader's Favorite Mortgage Company! - 06/25/08 10:34 PM
The Kane County Chronicle has a reader's poll every year. There are a myriad of categories in which the reader's vote for the best this and the best that. The best hot dog stand, the best bar, the best bank, the best lawyer. You get the idea.
Welllllllllllllllllllll and anywhooooooooooooooooo....with much humility and tons of gratitude, we were notified by the KANE COUNTY CHRONICLE that our humble company was identified by our fans as A PREMIERE MORTGAGE BANKER in Kane County. Now had I even know that this existed, I may have told our clients to vote for us, but, I … (5 comments)
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cherry creek mortgage: Cherry Creek Grows Again in 2007 - 01/11/08 10:43 AM
Not by much at all, but not many companies in North America can say that they actually grew in 2007. We did! Our profits were fine and our fundings grew. But most importantly we grew significant market share nationally. While other companies closed their doors, merged or just struggled to stay open, it is now official....We grew in a year that we weren't supposed to.
Of course, the sub-prime matter doesn't make it easy for us or for a myriad of other lenders nationally. There is a lot of fallout because of that. The demise of a lot of top wholesalers … (0 comments)
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cherry creek mortgage: Home Scouting Report - Million Dollar + Search in Saint Charles, Illinois - 10/04/07 11:13 PM
Saint Charles has many areas for high end homes from over 1 million dollars to over 4.5 million dollars. Crane Road, Fox Chase, Dover Hill are just some. Ask for a free enrollment to Home Scouting Report. It's the only engine out there that sweeps the MLS daily. It gives you pictures, prices, address and directions of all your favorite homes. No cost or obligation. It's costing our company over $30,000 per month to offer this highest end product to all clients whom are searching for homes. This is by subscription only and you can't find this even on google. We … (0 comments)
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cherry creek mortgage: First Horizon to Lay Off 1,500+ originators.....Continued Mortgage Contraction - 09/13/07 03:47 PM
First Horizon announced yesterday that it would be laying off 1,500 originators nationally. Not employees, but originators. I know that there is a cost to keeping loan originators, especially those who don't produce. But laying off originators actually is an example of the cost of manufacturing a loan. Needless to say...watch for companies doing more pull back. Countrywide announced last Friday that they are laying off over 12,000 employees. Crazy. Our company at Cherry Creek Mortgage is on solid, I mean SOLID footing. I know that there are others as well. Realtors, watch who you refer your business to. Ultimately you … (4 comments)
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cherry creek mortgage: Cherry Creek Mortgage is number 39!!!! And we're privately held - 09/10/07 09:50 PM
It's true....its official....we have broken into the top 40 and we're privately held. We've grown 29% last quarter, when Countrywide, imploded, American Home Shut down, Charter Funding closed it's doors.
Truthfully who cares? Its awesome to work for a company that invests in their own and really seeks to positively change the lives of those people who they work with. Call for a change. Realtors...look for lenders who will invest in you. Lenders, find a company that treats you as a partner!!!! Call me...630-417-7172. God's blessings!
… (2 comments)
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cherry creek mortgage: Vacation Time - Almost here. - 08/08/07 05:20 PM
We've been a busy family this year. My eldest, 8 year old son, was airlifted to a pediatric teaching hospital for a life-saving procedure in February. I march, my little brother, 37 years old and father of 5 was T-boned by an 18 year old who dropped his compac disc on the floor of his pick up truck and blew a light. He's paralzyed and going through rehab. Exactly one month ago today we gave birth to our 5th child.....Oh....and I've been recruiting like a mad man as well as originating in a market that is nothing but chaotic....THANKS AMERICAN HOME … (12 comments)
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cherry creek mortgage: Shopping for Real Estate without being harassed by anyone....Home Scouting Report - 08/07/07 10:55 PM
Only a few companies in Illinois have this program. This allows you to have the pictures, prices, addresses and directions of every MLS listing without being bothered by an agent or lender. This allows YOUR AGENT and YOUR LENDER to help you without harassing you. None of the Major lenders has this program.....Look at homesCompare property valuesDiscover home stylesDrive through prospective neighborhoods Take your time on line!
Between 2000 and 2004 the number of buyers using the Internet to aide in their home search has increased from 28% to 65%. Buyers expect to find detailed information online in the markets into which they want to move.
Ninety … (0 comments)
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cherry creek mortgage: Mortgage Implosions - 08/07/07 10:08 PM
The mortgage implod-o-meter....says that since late 2006...that there have been over 112 major lenders that have gone bankrupt since late 2006. It gives information on all the lenders whom have:
1) Imploded
2) Those that are ailing
3) Those that are about to be sued.
Why is this important???? It can tell you public information on lenders who have been or are in the process of going belly up. If you're looking for a loan....and the major company you're thinking about going with is not on the list....THAT MAY BE A GOOD THING. Check out www.mortgageimplode.com for more information.
… (6 comments)
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cherry creek mortgage: Subprime going down the toilet....Don't flush away your revenues - 06/28/07 08:24 AM
Tired of all of your subprime loans going down the tube? Too many crappy deals? Don't flush your deals away.......Seek FHA as a viable alternative
-Can have a 30 year rate discounted 1, 2 or 3 percent for up to the first 3 years-HUGE!!!!!
-95% Cash out refinances
-FHA says no minimum credit score required and ....the lack of credit is not a reason to deny a borrower (thanks Brian Schulman)
-Allows people who won't occupy the property to co-sign as well
-Fixed rates as well as arms
-Don't need any cash investment into the property from borrower
-100% of downpayment can come in form of gift.
-Low mortgage … (13 comments)
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