Dream Finders Homes Completes Acquisition of Cherry Creek Mortgage Through Its Wholly Owned Subsidiary, Jet HomeLoans
Summary
Cherry Creek is a Freddie Mac and GNMA-approved lender that specializes in the origination of mortgage loans to support new build construction lending. Under the leadership of founder Jeff May, Cherry Creek built a respected originator, securitizer, and servicer of conventional and government loans across the United States including reverse mortgages. This partnership leverages Jet HomeLoans’ existing retail production strength with Cherry Creek’s robust expertise in servicing along with all necessary industry approvals. Jet HomeLoans was advised on the transaction by Sterling Point Advisors, Milliman, Inc.’s Mortgage Solutions team, and McGlinchey Stafford PLLC, a law firm based in New Orleans, LA. Jet HomeLoans is a Florida-based HUD / FHA / VA / USDA approved, independent mortgage banker licensed in 13 states.
Classifications
AskAI Classifications
LabelsLinked Companies
