KIRKLAND, Wash., June 16, 2014 /PRNewswire-iReach/ -- Cobalt Mortgage, one of the largest privately-owned mortgage lenders in the US, is proud to be named a Scotsman Guide 2013 Top Mortgage Lender. Cobalt Mortgage was ranked 24th in Top Overall Volume and 15th in Top Retail Volume among lenders nationwide, moving up from 26th and 17th, respectively, in 2012.
Scotsman Guide, the leading resource for mortgage originators, released its first-annual Top Mortgage Lenders rankings on June 2. The list, which ranks the nation's top mortgage-lending companies, appears in Scotsman Guide's June 2014 residential edition, and searchable rankings are available online at www.scotsmanguide.com/rankings.
Cobalt Mortgage was ranked among entries from hundreds of mortgage companies across the country. To be eligible for consideration in the list, all loan volume had to be from mortgages on one-to-four-unit residential properties within the United States.
Cobalt Mortgage has seen extraordinary growth from its Northwest roots over the past decade, and realized more than an 18 percent increase in total loan volume and a 67 percent increase in purchase volume in 2013 over 2012. Founded in Kirkland, Washington in 2001, Cobalt Mortgage employs more than 1,000 and has offices in more than 40 locations throughout the US. The company plans to continue its expansion to the south and east and has recently opened branches in Southern California and throughout Texas.
"We're pleased to have the opportunity to continue our rapid growth while serving more borrowers every year," said Dave Bochsler, National Sales Executive for Cobalt Mortgage. "This is further evidence that our loan originators' extraordinary customer service is generating more customer loyalty. Once they experience the Cobalt Mortgage difference, home buyers are making us their lender of choice."
With strong leadership provided by co-founders Keith Tibbles and Ernie Gehre, Cobalt Mortgage is dedicated to ethical lending practices, community philanthropy, and personal integrity. "We're thankful that more customers each year are allowing us to help turn their dream of homeownership into reality," said Keith Tibbles, President of Cobalt Mortgage. "Our continued growth is a testament to the ongoing work of our employees who are dedicated to helping and establishing relationships with residents in each community we serve."
About Cobalt Mortgage:
Cobalt Mortgage has provided financing to thousands of home buyers. Founded in 2001, the firm has a decade-long reputation of responsible lending. One of the largest privately-held mortgage banking firms in the US, Cobalt has offices throughout the United States, including Arizona, California, Colorado, Idaho, Louisiana, Nevada, Oregon, Texas, Utah, Washington and Wyoming and is licensed in 14 states. With strong leadership provided by co-founders Keith Tibbles and Ernie Gehre, the company is dedicated to responsible lending practices, community involvement, and education. As corporate supporters of the Boys & Girls Club, and the Cobalt Cares Foundation, the company makes a positive impact in the communities where it operates.
Cobalt Mortgage is licensed in Arizona, California, Colorado, Idaho, Louisiana, Michigan, Montana, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.
Cobalt Mortgage, Inc., NMLS Unique Identifier: 35653.
Jeff Bell, Executive Vice President, Director of Production Services
11241 Slater Ave. NE, Suite 110
Kirkland, WA 98033
About Scotsman Guide:
Scotsman Guide Media publishes a residential edition and a commercial edition of Scotsman Guide, in addition to Scotsman Guide Loan Post and other platforms at scotsmanguide.com. The magazines also are available in digital format at scotsmanguide.com/digitalmag. Each month, the magazines reach tens of thousands of subscribers nationwide. Scotsman Guide is the leading resource for mortgage originators and connects mortgage brokers with wholesale and commercial lenders.
Media Contact: Jeff Bell, Cobalt Mortgage, Inc., 425.406.2480, firstname.lastname@example.org
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SOURCE Cobalt Mortgage