Cherry Creek Mortgage has announced that it is now 100% owned by the family of its co-founder, Jeffrey May. Additionally, the company’s owners formed Cherry Creek Holdings Group, LLC, the parent company of Cherry Creek Mortgage and other affiliated businesses, according to a press release.
May will serve as President and CEO of Cherry Creek Holdings and continue as President of Cherry Creek Mortgage. The company has promoted Rick Seehausen (pictured right) to chief operating officer of Cherry Creek Holdings. He will be responsible for overseeing all company operations, including IT, human resources, legal, accounting, marketing and compliance.
Before joining Cherry Creek Mortgage in 2019 as executive vice president, Seehausen was the founder and CEO of LenderLive, where he became the mortgage industry’s largest provider of outsourced fulfillment services, according to a press release.
“Even though our corporate structure is changing, our mission remains the same: to provide consumers with all the mortgage services they need to access and maintain homeownership,” said Seehausen.
“Rick brings a wealth of leadership, experience and wisdom that will create significant opportunities for us in the future,” May said.