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Cherry Creek Mortgage 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 chairman and CEO of Cherry Creek Holdings and continue to serve as the president of Cherry Creek Mortgage. The company promoted Rick Seehausen (photoed right) as the 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 divisions.
Before joining Cherry Creek Mortgage in 2019 as executive vice president, Seehausen was the founder and CEO of LenderLive, which he grew into 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 achieve and sustain homeownership," said Seehausen.
"Rick brings a wealth of leadership, experience and wisdom that will create significant opportunities for us going forward," said May.