Local Cobalt Mortgage branches raise $3000 in college

Cobalt Mortgage Dollars for Scholars, a three-year old non-profit organization, partnered with individual donors, business partners, and the employees of Cobalt Mortgage in the creation of scholarships to support students in the pursuit of their post-secondary education goals. This year over $100,000 in scholarship funds will be awarded to 73 deserving students in the states of Washington, Oregon, Nevada, Colorado, Arizona, Texas, Utah, and Oklahoma.

Individual donors and business partners contributed nearly $45,000 in scholarship funds that were matched dollar-for-dollar by Cobalt Mortgage. The remainder of the scholarships was funded by employee donations and company contributions. The purpose of the company’s non-profit initiative is to make a positive impact on the youth and their families in the communities they serve.

“We are blown away by the response from our partners,” said Keith Tibbles, President and Co-founder of Cobalt Mortgage. “My team and the people we work with know the importance of this foundation. We all want to be part of a solution to post-secondary education attainment issues by providing funding for university, college and vocational students.”

Cobalt Mortgage Dallas and Cobalt Mortgage Plano have each created scholarship funds to benefit local students:

•Dallas Texas Cobalt Mortgage Dollars for Scholars Award ($1000)

•The Employees of Cobalt Mortgage Dallas / Harrisburg Counties Award ($1000)

•Plano Texas Cobalt Mortgage Dollars for Scholars Award ($1000)

Students are encouraged to visit to view scholarship criteria and submit their application. The scholarship applications will be accepted until March 15, 2013.

On Aug. 31, 2010, Cobalt Mortgage founded and initially funded the first corporate chapter of Dollars for Scholars in the United States. Cobalt Mortgage Dollars for Scholars, a 501(c)3 nonprofit foundation, has a mission to support communities and to pioneer corporate citizenship by providing post-secondary scholarships through community partnerships.

Founded in early 2002, the firm has a decade-long reputation of responsible lending. One of the largest privately held mortgage-banking firms in the Pacific Northwest; Cobalt has offices through the western United States, including Washington, Oregon, Nevada, Arizona, Colorado, Texas, Louisiana, Utah and California. With strong leadership provided by co-founders Keith Tibbles and Ernie Gehre, the company is dedicated to ethical lending practices, community philanthropy, and personal integrity. As corporate supporters of the Boys and Girls Club, and Cobalt Mortgage Dollars for Scholars (a program of Scholarship America®) the company makes a positive impact in the communities where they operate.  

Cobalt Mortgage is licensed in Arizona, California, Colorado, Idaho, Indiana, Kentucky, Louisiana, Montana, Nevada, New Mexico, Nebraska, Ohio, Oklahoma, Oregon, Texas, Utah, Washington, West Virginia, and Wyoming.  

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