WATERFORD, Conn. – For the ninth consecutive year, Charter Oak Federal Credit Union has been named the number-one residential mortgage lender in eastern Connecticut. The credit union said it originated nearly 800 mortgages in New London and Windham counties combined during 2018, with a total value in excess of $97 million.
Since 2010, when Charter Oak first became the top residential lender in eastern Connecticut, the credit union reported it has originated 9,157 mortgages in both counties combined for a total value of nearly $1.2 billion, based on annual data compiled by The Warren Group’s Residential Mortgage Marketshare Report.
“Being named the top mortgage lender for nine consecutive years is an honor for all of us at Charter Oak, but especially for our lending teams who have worked very hard to achieve and maintain this top ranking year after year,” said President/CEO Brian A. Orenstein. “To produce nearly $1.2 billion in mortgages in eastern Connecticut during a nine-year span is a remarkable achievement that our lending teams in particular, as well as our entire credit union, should be very proud of.” During 2018, Charter Oak originated 796 residential mortgages in New London and Windham counties combined with a total value of $97.7 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 416 mortgages in New London and Windham counties combined during the past year, Charter Oak said.
Besides earning the top ranking for New London and Windham counties combined in 2018, Charter Oak ranked first in the total number as well as total value of residential mortgages in New London County by originating 619 mortgages with a total value of nearly $81 million. Charter Oak also ranked first in residential mortgages in Windham County by originating 177 residential mortgages.