Key Milestones


10 Years of Company Milestones

   
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
   
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).