Cherry Creek Mortgage Announces Two Promotions


Cherry Creek Mortgage recently announced the promotion of Claud Payne to vice president of project management and Reid Nelson to vice president of software development.  

Payne introduced project management to Cherry Creek when he joined the company in 2016, creating replicable, company-wide project plans for new business ventures such as PenTrust, Move Up Mortgage, and more recently Bellco Home Loans.

A key leader and mentor on Cherry Creek’s Advanced Technology team, Payne ensures that critical business initiatives receive the technology support they require without ever missing a launch date. He also serves as the conduit between Advanced Technology and many other departments at Cherry Creek to ensure the company’s technology platforms meet the needs of the business.  

Before joining Cherry Creek, Payne’s professional background included technology sales at IBM and BMC Software, technical marketing at JD Edwards, managing cloud services as an IT director for companies using Oracle’s ERP software, and roles in project management at telecommunications companies.  

Nelson joined Cherry Creek Holdings in 2020 with a 25-year track record of leading software development teams at LenderLive and Computershare. His deep background in mortgage lending helps Cherry Creek’s most critical team of engineers deliver systems and integrations to third parties such as Fannie Mae, Freddie Mac, DocuTech and Optimal Blue. He is currently leading the company’s efforts to evaluate and implement a new enterprise document management system.

In a release, Darren Shaffer, chief technology officer at Cherry Creek Mortgage, says Payne “is just a tremendous talent, a steady hand who works tirelessly to ensure our projects launch as expected and with every detail covered. This promotion is well deserved.”

Shaffer adds that Nelson “is a rare talent who combines deep mortgage and servicing knowledge with technology leadership and software development expertise.”

“In a few short months as a leader on our Advanced Technology team, Reid has taken our technology releases from a monthly event to continuous deployment, which allows us to ship changes to our software just as soon as they are tested and verified,” Shaffer says.

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