WATERFORD, Conn.–– Charter Oak FCU has again been ranked the number-one residential mortgage lender in eastern Connecticut, earning the top ranking for a record six consecutive years. Since 2010, Charter Oak said it has originated 6,265 residential mortgages across New London and Windham counties, with a combined value exceeding $782 million.
“Being the top mortgage lender since 2010 is a remarkable achievement and a proud moment for all of us at Charter Oak,” said Brian A. Orenstein, Charter Oak’s president and CEO. “And it’s a reflection of the extraordinary efforts of our lending and branch teams to make sure that eastern Connecticut chooses Charter Oak for its mortgage needs – and it has, for six years running.”
Charter Oak has held the top ranking in residential mortgage transactions in New London and Windham counties based on data collected from The Warren Group’s Residential Mortgage Marketshare Report.
Charter Oak said it originated 998 residential mortgages in New London and Windham counties combined, exceeding all of the other local and national banks and credit unions that serve those two counties, based on data from the 2015 Residential Mortgage Marketshare Report. The next closest competitor to Charter Oak originated 509 mortgages in New London and Windham counties combined during 2015, according to the data.
In addition to its top ranking for the number of residential mortgages originated in New London and Windham counties combined during 2015, Charter Oak also ranked first in the total value of residential mortgages for both New London and Windham counties combined, with $126 million in residential mortgages originated during 2015, based on The Warren Group’s 2015 residential mortgage figures.
Besides the top ranking for both counties combined during 2015, Charter Oak also ranked first in residential mortgages within New London County by originating 778 mortgages with a value of $103.6 million, as well as taking top honors for Windham County by originating 220 mortgages with a value of $22.4 million.
The Warren Group’s Residential Mortgage Marketshare Report includes all residential mortgages for New London and Windham counties with a value between $1 and $2 million.