Jet Homeloans acquires the securitization of Cherry Creek, maintenance activities
“Cherry Creek is a lender approved by Freddie and Ginnie and we are pleased to take advantage of those vehicles,” said Kelley Hailstone, the president of Jet Homeloans, in an interview. “It is a strategic step from our side to obtain that better version. Our intention is to offer our customers a better affordability that buy Dream Finderers Houses and pass it on as more competitive offers for consumers. “
Eight Staff members of Cherry Creek are transferred to Jet as part of the transaction.
Jet Homeloans, founded in 2017 as a joint venture with Dream Finderers, did around $ 2.3 billion in MortGage Origination Volume in 2024. And in July, Dream Finderers, a top 10 home builder who usually focused on the Sun Belt States, acquired the remaining shares of Jet Homeloans. A few months later, dream seekers took over Alliant National Title Co.
Like many large residential builders, Dream Finderers have used temporary and permanent mortgage purchases to attract home buyers. To this end, Jet Homeloans is planning to expand as soon as approvals come through with the agencies and enable the lender to be a direct seller, Hailstone said.
After the acquisition of Cherry Creek, Hailstone said that Jet Homeloans is “very open to partnerships with other lenders” who are looking for correspondent partners.
Jet Homeloans was advised on the transaction by Sterling Point Advisors” Milliman And McglinChey Stafford.
The Caps announcement a busy two weeks of mergers and acquisitions in the mortgage room.
Community bank Bank7 Injured a small independent mortgage bank in Oklahoma last week. Earlier this week, Home Mortgage Van de Unie announced the acquisition of NRL -MharpotheekA lender of $ 1 billion based in Houston.
