Our Founder and History
About Larry Jaeger
Larry Jaeger is a Mortgage Professional that has been in the Mortgage and Specialty Finance industries for 26 years. He has a track record of starting and building successful businesses from an idea to a profitable enterprise.
He started as a Loan Officer with a Bank owned Mortgage Company, Imperial Bank Mortgage, in CA in 1983 and built the Retail Division to 20M per month in residential loans over a 12 year period. The division was very successful and when the Bank sold the Mortgage Company Mr. Jaeger and his family moved to Colorado.
In 1995 Mr. Jaeger started TeleCapital, a commercial finance company with an idea, within the telecommunications industry. This business grew to become a profitable entity with yields in excess of 12% on the commercial paper. Larry ran and grew this business until 1999 when he sold his interest in the company.
In 2000 Mr. Jaeger started a specialty finance mortgage company, Imperial Lending, LLC, with 1 employee and in 8 years was funding in excess of 40MM per month in residential loans with over 100 employees. The loans were originated by the Company in a retail and wholesale platform, underwritten to the Company’s guidelines, funded with warehouse lines of credit obtained by the Company and subsequently sold these loans to Wall Street Investment Banks, including Deutsche Bank, Credit Suisse and C- Bass. Unfortunately in 2008 the economy crashed as well as the Mortgage industry so the company had to be shut down before it was sold.
Since 2008 Mr. Jaeger has run successful mortgage branches for large retail mortgage operations including CMG Financial, Sierra Pacific and PRMG doing residential loans underwritten to agency, (Fannie Mae, Freddie Mac, VA and FHA), guidelines.
The Mortgage meltdown of 2008 has created a large financing opportunity which is significantly underserved. The Non-Prime sector in the industry is gaining momentum and attracting attention from Investors to purchase the product and lenders to finance the origination and closing of these loans. Mr. Jaeger is taking his skill set of origination and his experience of building platforms to a new company he has founded. This company started in 2014 is SCL Mortgage, focuses on both the origination and sale of prime and non-prime loans.
In July of 2016, SCL Mortgage expanded into our new building at 103 4th Street in Castle Rock to give us room for additional staff and to serve even more great customers!