Christopher M. George established CMG Mortgage, Inc. in July of 1993 in Pleasanton, CA. The company began modestly with seven employees, primarily focusing on aiding homeowners and homebuyers directly through his or her refinance and purchase needs. Thus, began the Retail Lending division.
Low overhead enabled competitive pricing contributing to the company’s initial success. By 1994, the company had outgrown its office space and relocated to its current corporate office location in San Ramon, California.
1995 – 1996
In 1995, the company opened a Wholesale Lending division, mainly focusing on correspondent lending to achieve better pricing at a retail level. From 1996 through the end of the decade, CMG Mortgage, Inc. continued to expand successfully, obtaining licenses in additional states and penetrating active markets more thoroughly.
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