Financial Institutions Form New Joint Venture, Bellco Home Loans

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Bellco Credit Union and Cherry Creek Mortgage have partnered to create a new lending company, Bellco Home Loans.

The joint venture will work to identify the best loan for each customer, offering numerous competitive loan products, including conventional and jumbo loans, low down payment loans, VA and FHA loans, and refinance/renovation loans.  

In addition to its primary purpose of serving Bellco Credit Union members, Bellco Home Loans is open to Coloradans across the Front Range and Western Slope to help them secure loans while the housing market in Colorado continues to be competitive due to historic low interest rates.

“This partnership with Cherry Creek Mortgage allows us to offer our members expanded home loan options,” says Doug Ferraro, CEO of Bellco Credit Union. “By joining forces with another local, trusted organization, our members will have access to state-of-the-art technology, innovative products and outstanding service when it comes to securing a home loan.”

Bellco Home Loans customers will benefit from technology offerings developed by Cherry Creek Mortgage to help simplify the loan process. FasTrac streamlines documentation required for submitting a loan to underwriting and provides fast pre-approval, and Smart Close adds convenience by allowing customers to complete the majority of their closing documents electronically.

“We are excited to collaborate on this endeavor with Bellco Credit Union to provide Coloradans with additional, custom mortgage solutions,” says Jeff May, president and CEO of Cherry Creek Mortgage. “Both companies have a strong commitment to building trust and relationships with those we serve. That dedication, along with our expert mortgage specialists, will provide customers with the best possible experience and a long-term focus on customer service throughout the life of their loan.”  

Executives from both Bellco Credit Union and Cherry Creek Mortgage will serve on the Bellco Home Loans board of directors.

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