Cobalt Mortgage Ranks on 2013 Inc. 5000 with Three-year Revenue Growth of 218%
KIRKLAND, Wash., Sept. 10, 2013 /PRNewswire-iReach/ -- Cobalt Mortgage ranks number 1,765 on Inc. magazine's exclusive 2013 list of America's 5000 Fastest-Growing Companies, which orders companies by revenue growth over a rolling three-year period. The firm grew at 218 percent during this time, and ranks 102nd in the Financial Services category of the list.
Cobalt Mortgage has seen extraordinary growth from its Northwest roots over the past decade, realizing more than a 50 percent increase in total loan volume in 2012 over 2011. Founded in Kirkland, Washington in 2001, Cobalt Mortgage has become one of the largest privately-held lenders in the nation, with more than 1,000 employees and offices in more than 50 locations throughout the U.S. The company plans to continue its expansion eastward and has recently opened branches in Minnesota and Lousiana.
In a challenging economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year's list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.
Cobalt Mortgage National Sales Executive, Dave Bochsler, said, "This ranking shows that our strategy of providing borrowers with a wide variety of loan products paired with exceptional personal service is making us a standout among top-tier lenders. We are pleased to contribute to job growth in the communities where we operate."
"Thanks to our customers and dedicated employees, we've experienced strong, steady growth these past few years," said Keith Tibbles, Cobalt Mortgage President. "We feel fortunate that, by holding true to our core value of responsible lending, our business has thrived through these turbulent economic times."
Complete results of the Inc. 5000, including company profiles and an interactive database can be found at www.inc.com/inc5000.
About Cobalt Mortgage:
Cobalt Mortgage has provided financing to thousands of homebuyers. Founded in 2001, the firm has a decade-long reputation of responsible lending. One of the largest privately held mortgage-banking firms in the US, Cobalt has offices through the United States, including Arizona, California, Colorado, Idaho, Louisiana, Minnesota, Nevada, Oklahoma, Oregon, Texas, Utah, and Washington and is licensed in 18 states. With strong leadership provided by co-founders Keith Tibbles and Ernie Gehre, the company is dedicated to responsible lending practices, community involvement, and education. As corporate supporters of the Boys and Girls Club, and Cobalt Scholars, a program dedicated to empowering youth by supporting their secondary education goals, the company makes a positive impact in the communities where it operates.
Cobalt Mortgage is licensed in Arizona, California, Colorado, Idaho, Louisiana, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming.
Cobalt Mortgage, Inc., NMLS Unique Identifier: 35653.
Leah Schedin, Marketing Director
11241 Slater Ave. NE, Suite 110
Kirkland, WA 98033
Media Contact: Leah Schedin, Cobalt Mortgage, 425.216.8105, firstname.lastname@example.org
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SOURCE Cobalt Mortgage