WATERFORD, Conn.– Charter Oak Federal Credit Union is the Number 1 residential mortgage lender in eastern Connecticut for the 11th consecutive year, originating over 900 mortgages in New London and Windham counties combined during 2020 with a total value exceeding $138 million.
Since 2010, when Charter Oak first became the top residential lender in eastern Connecticut, the credit union said it has originated almost 11,000 mortgages in both counties combined with a total value of nearly $1.4 billion, based on annual data compiled by The Warren Group’s Residential Mortgage Marketshare Report.
“For 11 straight years, more people have come to Charter Oak for their mortgage needs than any other competitor, including the mega-banks and big national mortgage lenders,” said President/CEO Brian A. Orenstein. “Our mortgage team has done an amazing job for over a decade as eastern Connecticut’s go-to mortgage leader with great products matched by their great service. It’s true that when eastern Connecticut looks for a mortgage for their dream home or a great rate on their refinancing, they look to Charter Oak.”
Over the course of 2020, Charter Oak originated 923 residential mortgages in New London and Windham counties combined with a total value of $138.3 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 a total of 540 mortgages in New London and Windham counties combined during 2020.