1st Reverse Mortgage USA Hires Colburn to Business Development Team

1st Reverse Mortgage USA, a division of Cherry Creek Mortgage Company, Inc. recently appointed Eric Colburn as Corporate Business Development Manager for the company.

Colburn brings nine years of business experience to the Top-10 reverse mortgage company.

Colburn served as vice president for Client Management and Business Development for ReverseVision, Inc. where he was responsible for implementing and maintaining the day-to-day business development and operational needs of the company; as well as management of all client relations departments. Most recently, Colburn worked as the virtual sales account manager for Cisco Systems, Inc.

The new hire follows 1st Reverse Mortgage USA’s announcement that it gained approval to issue Ginnie Mae HECM Mortgage Backed Securities. The company also recently shifted the organizational alignment of its sales team.

The new structure is focused on recruiting reverse mortgage and traditional loan originators as well as developing business channels including correspondent, wholesale, builders, banks and credit unions.

“Eric’s deep commitment to business development plus his demonstrated ability to build partnerships as well as develop and execute a strategic agenda make him a key addition to our growing and dynamic organization,” says Dan Harder, vice president of 1st Reverse Mortgage USA, in a news release.

Colburn says 1st Reverse Mortgage USA’s strategic plan is well timed for the reverse mortgage market.

“We are poised to build upon our current achievements and bring our collective resources to continue the company’s long-term organizational strategy to drive growth,” Colburn says.

Written by Cassandra Dowell

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