WATERFORD, Conn.– Charter Oak Federal Credit Union has been named as the number-one residential mortgage lender in eastern Connecticut for the 10th straight year, originating more than 800 mortgages in New London and Windham counties combined during 2019 with a total value exceeding $101 million.
Since 2010, when Charter Oak first became the top residential lender in eastern Connecticut, the credit union has originated nearly 10,000 mortgages in both counties combined with a total value of more than $1.25 billion, based on annual data compiled by The Warren Group’s Residential Mortgage Marketshare Report.
“This is a very impressive achievement for Charter Oak, and particularly for our lending team, which has maintained top mortgage lender honors for all of eastern Connecticut for an entire decade,” said President/CEO Brian A. Orenstein. “We've worked very hard to offer the best mortgage products and service available in our marketplace, and it’s evident by our number-one ranking 10 years in a row that homebuyers across eastern Connecticut strongly agree.”
Over the course of 2019, Charter Oak said it originated 803 residential mortgages in New London and Windham counties combined with a total value of $101.6 million, which exceeded all of the other local and national banks and credit unions serving the two counties, based on The Warren Group's data. The next closest competitor to Charter Oak originated 467 mortgages in New London and Windham counties combined during 2019.
In addition to earning the top ranking for the number of residential mortgages originated in New London and Windham counties combined in 2019, Charter Oak also ranked first in the number of residential mortgages in New London County by originating 602 mortgages with a total value of more than $81 million. Charter Oak also took top honors in Windham County, ranking first in the number of residential mortgages by originating 201 mortgages with a value of nearly $20 million.