Guild Acquires Cherry Creek Mortgage
Cherry Creek Mortgage has been acquired by Guild Mortgage, the company announced in a press release.
Cherry Creek will become its own division of Guild. Jeff May, who co-founded Cherry Creek in 1987, will lead the new division. The terms of the acquisition were not disclosed.
“We continue to look for potential new partners with strong local teams, a history of growth, and community commitments,” said Mary Ann McGarry, Guild CEO.
“Guild has a longstanding admiration for Cherry Creek’s approach to business and its accomplishments, and we feel confident our two companies will be able to take advantage of our synergies in each market and do even more for our customers, together.”
Cherry Creek is a Colorado-based privately held lender…