The family of the late U.S. Sen. Bill Armstrong (R-Colorado) has reached a deal to transfer its interest in Cherry Creek Mortgage. Under the restructuring, the company is 100 percent owned by the family of its co-founder, Jeffrey May.
May will serve as chairman and CEO of Cherry Creek Holdings and will continue to serve as president of Cherry Creek Mortgage.
The company also announced that Rick Seehausen has been appointed to president and COO of Cherry Creek Holdings.
Cherry Creek Mortgage offers of FHA, conventional and jumbo along with refinance mortgage loans services. The company originates loans through more than 70 retail branches, a consumer direct channel, wholesale, and joint ventures.