Cherry Creek chairman resigns in wake of lender’s decision to offer benefits to same-sex couples

by Ryan Smith29 Aug 2017
The chairman of Colorado’s largest mortgage lender has resigned after the company began offering health benefits to same-sex couples.

Late last week, Cherry Creek Mortgage announced that it would start offering health benefits to same-sex couples. The announcement came after a former employee and her wife sued the company for refusing to provide those benefits, according to a report.

The same day that Cherry Creek made the announcement, its chairman, Wil Armstrong, announced his resignation from the company with immediate effect. A statement from Armstrong made no specific mention of the company’s policy change regarding health benefits for same-sex couples, but also gave no reason for the chairman’s sudden departure, HousingWire reported.

“Effective yesterday, I resigned as chairman and a member of the board of directors at Cherry Creek Mortgage Company effective immediately,” Armstrong said in the statement. “I am grateful for the chance to have been a part of the team that helped thousands in achieving the dream of homeownership and in assisting them in managing the largest financial transaction of their lives.”

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  • by Doug H | 8/29/2017 11:40:34 AM

    This article needs a correction. In the article it is correct in listing Will Armstrong as the Chairman. However, the headline says CEO. The CEO is Jeff May, who did not resign. Jeff May resigning would be much bigger news than Will Armstrong.

  • by Ryan Smith | 8/29/2017 11:45:43 AM

    Thanks for the catch, Doug! I've amended the headline.


Should CFPB have more supervision over credit agencies?