Mortgage Solutions of Colorado founder and CEO Roy Clennan is handing over day-to-day operations of his company to a newly hired president.

Clennan, who founded the Colorado-based mortgage bank in 1997, had been doing both jobs of CEO and president of the company, which does business as Freedom Financial Services.

“We are getting so big, I needed someone with strong background in the industry who could take a look at company from different perspective,” Clennan said.

Clennan hired Alan Kalell as president. He will oversee the day-to-day operations of the 217-employee company, which now has retail and wholesale operations currently lending in 16 states with offices in Colorado, California, Texas and New Mexico.

Clennan remains CEO his company.

“I will still do the vision — plan the growth,” he said.

The company has big plans to expand in California, Washington and Oregon in the coming year. Within five years, Clennan expects to have upwards of 350 employees and triple revenue, which was $29 million last year.

Clennan called Kalell a dynamic professional with more than 17 years of experience as the president of a nationally recognized financial lending institution, chief marketing officer of a medical surgical management company, and most recently CEO/owner of a company that provides consulting services for large correspondent lenders and banks. He has helped organizations develop new lending divisions, enter new markets, and accelerate growth parameters.

“Alan Kalell will lead Mortgage Solutions of Colorado/Freedom Financial Services in expansion plans for both our retail and wholesale channels,” Clennan said. “His extensive business development experience, operational knowledge, and passion for excellence will elevate Mortgage Solutions of Colorado and Freedom Financial Services to the next level.”