San Diego, Calif.-based Guild Mortgage has acquired Cherry Creek Mortgage, LLC, a privately held Colorado-based lender with physical branches across the country whose business and customer-centric approach closely aligns with Guild’s.
Cherry Creek Mortgage was co-founded by Jeff May in Greenwood Village, Colorado in 1987. He led company growth over the past 36 years, earning recognition as one of the fastest growing private mortgage companies in the U.S., with a strong retail presence. It now has 68 branches in 45 states and will become its own division of Guild, headed by May.
May said his company has always admired Guild for its strength in purchase mortgages, high customer service ratings and supportive culture. Cherry Creek also brings its experience assisting customers with reverse mortgages to Guild, providing an opportunity to expand Guild’s range of services with new expertise for this important group of customers.
“This is a very strategic offensive move for us,” said May.