Crescent Mortgage
Crescent Mortgage, founded in 1993, is a national wholesale and correspondent lender headquartered in Atlanta, Georgia, offering services across 43 states to community banks, credit unions, and mortgage brokers.
Company History
Crescent Mortgage was founded on February 16, 1993. Since its inception, the company has grown to become a prominent national wholesale and correspondent lender. Crescent Mortgage is well-known for providing services primarily to community banks, credit unions, and independent mortgage brokers. Headquartered at 6600 Peachtree Dunwoody Road NE, 600 Embassy Row, Suite 650, Atlanta, GA 30328, the company operates in 43 states.
Services
Crescent Mortgage offers a variety of services tailored to the needs of community banks, credit unions, and independent mortgage brokers. Among their key services is the One Time Close Construction to Permanent loan, which streamlines the financing process for new home construction. Additionally, they underwrite mortgage applications to meet the guidelines set by Fannie Mae, Freddie Mac, VA, USDA, or private investors. The company is committed to responsible lending, explicitly avoiding subprime lending, negative amortization loans, and pay option ARMs.
Partners
Crescent Mortgage collaborates with over two thousand community banks, credit unions, and quality mortgage brokers. These partnerships ensure that clients have access to a wide network of financial institutions and lending options. By working closely with these partners, Crescent Mortgage helps facilitate a variety of mortgage solutions tailored to the unique needs of different communities.
Licensing and Regulations
Crescent Mortgage is licensed by several key regulatory bodies, including the New Hampshire Banking Department, the Massachusetts Office of Consumer Affairs & Business Regulation, and the Delaware Office of the State Bank Commissioner. The company complies with all relevant state and federal regulations, ensuring that its lending practices are transparent and lawful. These licenses underscore Crescent Mortgage's commitment to maintaining high standards in mortgage lending.