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 HousingWire 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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