Partnership creates new home lending company
Cherry Creek Mortgage is forming a new joint venture with Colorado-based Bellco Credit Union. The new lending company will be called Bellco Home Loans, according to the independent mortgage lender’s Press release.
“This partnership with Cherry Creek Mortgage allows us to offer our members expanded home loan options,” said Doug Ferraro, CEO of Bellco Credit Union. “By joining forces with another local, trusted organization, our members will have access to state-of-the-art technology, innovative products and outstanding service when it comes to securing a home loan.”
As part of the agreement, executives from both firms will serve on the Bellco Home Loans board of directors. The joint venture, which is open to Coloradans across the Front Range and Western Slope, will also be the main provider of mortgage loan products to Bellco Credit Union members.
“We are excited to collaborate on this endeavor with Bellco Credit Union to provide Coloradans with additional, custom mortgage solutions,” said Jeff May, president and CEO of Cherry Creek Mortgage. “Both companies have a strong commitment to building trust and relationships with those we serve. That dedication, along with our expert mortgage specialists, will provide customers with the best possible experience and a long-term focus on customer service throughout the life of their loan.”
Bellco Home Loans leverages Cherry Creek’s technology offerings, including its eClosing tool Smart Close and FasTrac, which automates the mortgage process from application to underwriting.
