| July 1993 |
 |
|
CMG Mortgage, a retail mortgage brokerage company, is founded by Christopher M. George in his Pleasanton, CA garage with 7 employees. |
|
|
| 1994 |
 |
|
|
|
|
Company moves to small office in San Ramon, CA to accommodate growth. |
|
| |
|
| 1995 |
|
|
|
|
|
Wholesale lending division opens. |
|
|
Partnership with Calyx software, giving CMG prime position within leading Loan Origination software. |
|
|
CMG expands into a significant portion of San Ramon building space. |
|
| |
|
| 1996 |
|
|
|
|
|
Rapid expansion phase begins. |
|
|
Acquisition of The Mortgage Line. |
|
|
Acquisition of Bay Pacific Mortgage of Walnut Creek retail branch of CMG Mortgage Services . |
|
| |
|
| 1999 |
|
|
|
|
|
CMG surpasses $1 billion in origination volume. |
|
| |
|
| 2001 |
|
|
|
|
|
CMG surpasses $3 billion in origination volume. |
|
| |
|
| 2003 |
|
|
|
|
|
CMG Mortgage Services is named Broker of the Year for 2003 by the California Association of Mortgage Brokers (CAMB). |
|
|
Company surpasses $4.5 billion in origination volume (before acquisitions) |
|
|
CMG is named one of San Francisco Bay Area’s 100 fastest-growing companies by the San Francisco Business Times. |
|
|
Acquisition of Pacific Guarantee Mortgage net branch organization from Royal Bank of Canada, adding 32 retail branches in 7 states |
|
|
CMG Financial Services (holding company) is formed. |
|
|
CMG files for Federal Savings Bank charter for CMG Bank (in organization). |
|
| 2005 |
|
|
|
|
|
CMG secures approval for Federal Savings Bank charter for CMG Bank. |
|
|
CMG launches the Home Ownership Accelerator (HOA) loan, the first consumer friendly and “all-in-one” mortgage in the United States. |
|
| |
|
| 2008 |
|
|
|
|
|
During real estate market collapse, CMG searches for a new investor for the HOA. |
|
| |
|
| 2009 |
|
|
|
|
|
CMG re-launches the HOA with new investor, Ameriprise Bank, FSB and by September 2009, funds its first HOA loan with Ameriprise. |
|
|
In December 2009, CMG Financial Services issued Patent No. 7,627,509 B2 for the “Home Ownership Payment System and Method” by the United States Patent and Trademark Office. |
|
| |
|
| 2010 |
|
|
|
|
|
CMG acquires General Mortgage Corporation (retail brokerage) in San Diego, CA. |
|
|
CMG and Ameriprise Bank, FSB launch Phase II of the HOA field sales channel with Ameriprise Financial. |
|
| |
|
| 2011 |
|
|
|
|
|
CMG breaks HOA funding record in consecutive months through Q1 2011. |
|
Equal Opportunity Lender