Cobalt Mortgage's North Salt Lake Branch Expands Operations

Nelson Barss Appointed Manager of Office

KIRKLAND, Wash., Oct. 7, 2013 /PRNewswire-iReach/ -- Cobalt Mortgage is expanding its presence in North Salt Lake, Utah. Local mortgage industry expert Nelson Barss has been named Branch Manager for the facility and will oversee the expansion.


"I'm excited to have Nelson leading and adding lenders to our North Salt Lake team," said Nancy Smith, Cobalt Mortgage Manager for the Rocky Mountain Region. "Thanks in part to his strong background in business finance, he is uniquely qualified to increase our share of this market."

With broader coverage of South Ogden and the communities in Davis and Weber Counties in mind, Nelson is tasked with continuing to build the team of experienced loan originators to better serve area residents. Toward that end, Janell Yarbrough has joined the North Salt Lake team. Nelson said, "Janell brings eight years of mortgage industry experience to our office, along with a stellar reputation for providing both consumers and realtors with top-notch customer service. She will further strengthen our staff, which now offers a combined total of more than 50 years of lending expertise."

Dave Bochsler, National Sales Executive for Cobalt Mortgage, said, "Nelson's 12 years of experience in the industry have provided him with the skills and perspective required to take the staff in our North Salt Lake office to the next level. He understands that, at the end of the day, what matters most is meeting the needs of each individual customer and developing long-term relationships within the local community."

Nelson was born and raised in the North Salt Lake area, and earned an MBA with a Finance emphasis from the University of Utah. Prior to entering the mortgage industry, he spent four years working as a financial/credit counselor, and also served as a personal and business finance instructor at a local college.

About Cobalt Mortgage:

Cobalt Mortgage has provided financing to thousands of homebuyers. 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 through the United States, including Arizona, California, Colorado, Idaho, Louisiana, Minnesota, Nevada, Oklahoma, Oregon, Texas, Utah, and Washington and is licensed in 18 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 and Girls Club, and Cobalt Scholars, a program dedicated to empowering youth by supporting their secondary education goals, the company makes a positive impact in the communities where it operates.

Cobalt Mortgage is licensed in Arizona, California, Colorado, Idaho, Louisiana, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming.


Cobalt Mortgage, Inc., NMLS Unique Identifier: 35653.


Leah Schedin, Marketing Director

11241 Slater Ave. NE, Suite 110

Kirkland, WA 98033

(425) 216-8105

Media Contact: Leah Schedin, Cobalt Mortgage, 425.216.8105,

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SOURCE Cobalt Mortgage



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