Posted On September 28, 2016
(Denver, CO) September 28, 2016 – CMG Financial, a privately held mortgage-banking firm headquartered in San Ramon, CA, announced the addition of three new branches in the greater Denver Area. The North Denver Branch, serving the Westminster Area, the Central Denver Branch serving Greenwood Village, and the South Denver Branch serving Englewood are now currently operating. The branches are off to a surging start, set to close over seventy loans by the end of the month.
“Our early sales are largely due to the solid team we have in place,” said Caleb Mittelstet, Divisional Sales Manager, “the area manager, operations manager, and branch manager are industry stars and their combined mortgage-banking experience is an integral asset to our early development.”
Dustin Hodges leads the team as Area Sales Manager with Lisa Gaimara as Operations Manager and Carlos Ruiz as Branch Manager. The executive leaders bring decades of mortgage-banking and lending experience to the table as well as the enthusiasm it takes to build up a new branch.
“We plan to operate as one cohesive team operating in three locations for the convenience of our customers and referral partners,” said Dustin Hodges, “we value each loan officer and processor for their unique contributions.”
The current members of the Denver offices include Ashlie Simpson, Aubrey Drennan, Boyd Davis, Caitlin Osentowski, Erin Witaschek, Genae Hull, Gina LaMonaca, Harry Hooper, Jacob Hepner, Jay Muehlenkamp, Kathleen Kittelsen, Lori McNeill, Micah Noyes, Michelle Ornelas, Nanacy Jefferson, Sean Gross, Stacy Dowling, Taylor Orndoff, and Wendi Jensen. The staff includes loan officers, junior loan officers, processors, processing assistants and support staff.
The opening of the Denver offices coincides with the rapidly expanding real estate activity in the area. HousingWire reports that Zillow ranked Denver, CO number four on its list of top five metro areas with fastest appreciating home values. Home prices increased 10.7% to $341,400, rent prices increased 4.1% to $2,013, and housing inventory increased 7.4% since last year. For the first time since 2011, incomes are appreciating faster than homes, and Denver is spearheading housing market development.
“I’m excited to have a capable team in place, and we are ready to get to work,” said Hodges, “our inaugural numbers are on track to break records and I’m looking forward to what’s in store for the new branches.”
About CMG Financial
CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels including Retail Lending, Wholesale Lending, and Correspondent Lending.
CMG Financial currently operates in most states, including District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.