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CBC National Bank has announced that in June, its Mortgage Division surpassed the $13 billion mark in loan production. CBC’s Mortgage Division began operations in September 2007, utilizing a conservative, risk-averse business model, originating primarily full-documentation, conforming mortgage loans pre-sold into the secondary market. The Division passed the $1 billion mark in loan production in June 2009 and passed the $10 billion mark in June 2015. During the second quarter of 2016, the Mortgage Division continued to achieve robust funding and profitability, with more than $551.7 million in residential mortgage loans funded and $16.4 million in mortgage banking income during the quarter.
In addition to reaching the $13 billion loan production milestone, CBC’s Mortgage Division was named by The Atlanta Journal-Constitution as one of the “Best Places to Work in Atlanta” for the second consecutive year. CBC was ranked 54th out of the 150 companies receiving this honor in 2015, and in 2015, it was ranked 63rd.
“Our continued growth and recognition is a testament to the quality of all of our associates during our almost nine years in business,” said Brynn Stensrud, executive vice president and head of CBC’s Mortgage Division. “Our knowledgeable mortgage professionals continue to share CBC’s overall passion and commitment to offering our customers the best products and service available. We remain committed to the residential markets in our home communities in Fernandina Beach, Ocala and The Villages, Beaufort and Port Royal, and Atlanta, and we will continue to meet the purchase and refinance needs of our customers while meeting their demands for great service and products into the future. We likewise remain proud of the Mortgage Division’s significant contributions to CBC National Bank’s earnings over the years.”