DENVER, Sept. 13, 2017 /PRNewswire/ — 1st Reverse Mortgage USA®, a division of Cherry Creek Mortgage Company, Inc. announced today that Jeff Ausman has been promoted to the post of Director of Business Development, effective immediately.

In his new role, Ausman will be responsible for leading the recruitment and development of traditional forward loan officers to the division’s expanding forward business channel 1st Mortgage Solutions USA®

Additionally, Ausman will oversee the continued growth and expansion of the 1st Mortgage Outsource Platform developed for banks and credit unions. The outsource platform provides a broad product mix including FHA, VA, USDA and  Conventional loans as well as Reverse Mortgages and Home Equity Conversion Mortgage (HECM) for Purchase loans.

«Many times financial institutions struggle to comply with new regulations. 1st Reverse has been serving community banks and credit unions since 2004. We know the challenges small and medium sized local institutions encounter attempting to offer a variety of mortgage products to their customers,» said Ausman.

«That’s precisely why we developed the 1st Mortgage Outsource Platform®.We assist banks and credit unions in meeting the needs of their depositors. It’s important for financial institutions to be able to offer private label mortgage programs to satisfy customers and remain competitive and profitable,» Ausman said.

«Jeff is a dynamic leader, caring sales professional and team player with a proven sales growth track record for meeting B2B and B2C customer needs,» said Dan Harder, Vice President, 1st Reverse Mortgage USA®. «His clients trust him, crediting his dedication to customer service for their satisfaction and repeat business. Our whole team respects Jeff for his significant contributions. We congratulate him on this well-deserved promotion.»

Media Contact: Dale Jones, [email protected] (303) 854-3047


1st Reverse Mortgage USA® is a national, full-service mortgage company that provides origination and servicing through retail, wholesale, bank, credit union and correspondent divisions.  1st Reverse Mortgage USA has carved a unique niche in the marketplace by combining the best of traditional mortgage lending with the innovation and expertise of a mortgage bank. The company, a division of Cherry Creek Mortgage Company, Inc. includes over 60 retail branches across the country with over 250 experienced and knowledgeable Mortgage Loan Specialists, ready to serve our clients and their needs.

1st Reverse Mortgage USA and 1st Mortgage Solutions USA offer a diverse set of products including Reverse Mortgages, HECM for Purchase, FHA Loans, VA Loans, USDA Loans and Conventional Loans. The company has direct endorsement authority from HUD, Fannie Mae (FNMA), Ginnie Mae (GNMA) and Freddie Mac (FHLMC).  Visit or call (877) 217-0166.

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SOURCE 1st Reverse Mortgage USA