Jet HomeLoans is set to acquire Cherry Creek, a Freddie- and Ginnie-approved lender, to boost affordability for customers purchasing homes from Dream Finders. With plans to enhance offerings once regulatory approvals are received, Jet intends to become a direct seller in the mortgage market. The deal includes the transfer of eight staff from Cherry Creek and follows Dream Finders' recent acquisitions of Jet HomeLoans and Alliant National Title Co. The mortgage sector is active, with other recent acquisitions highlighting the competitive landscape.
Kelley Hailstone, the president of Jet HomeLoans, stated that acquiring Cherry Creek is a strategic move to provide better affordability for customers looking to buy homes.
In a bid to expand its mortgage services, Jet HomeLoans plans to enhance its offerings as they await approvals, ultimately aiming to become a direct seller.
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