NACUSO Marketplace Provider
Organization Name: Centennial Lending, LLC
NACUSO Membership: Standard
Year Formed: 2000
Description of Your Services: Centennial Lending, established more than 22 years ago to meet the residential mortgage and commercial lending needs of our partner credit union’s members. We now provide services to more than 100 credit unions as well as the general public. Our expert staff is representative of a variety of backgrounds and boasts decades of experience in the residential mortgage, commercial lending, banking, loan servicing and sales and marketing industries. We are passionate about our commitment to our credit union partners and thrive on helping our customers achieve their financial goals.
Our Mission: We deliver superior value through innovative lending solutions, expertise, and positive experiences
Our Vision: Be the primary lending solution for our partners and all borrowers
Centennial Lending prides ourselves on providing continuous and measurable value to our credit union partners, their members, and our customers.
Services You Provide:
Business Lending:Sourcing Commercial Mortgage LoansFunding Commercial Mortgage LoansUnderwriting Commercial Mortgage LoansServicing Commercial Mortgage LoansFunding Lines of CreditUnderwriting Lines of CreditServicing Lines of Credit
Mortgage Lending:Sourcing Mortgage LoansFunding Mortgage LoansUnderwriting Mortgage LoansServicing Mortgage LoansSecondary Market Sales of Mortgage LoansConsulting on Mortgage Lending
Why should a credit union use your services?: Centennial lending is committed to the same cooperative ideals on which credit unions were founded. We believe that success is dependent on the strength of the relationships we have with our partners. We are extremely helping our partners build successful lending programs. A credit union that wants to expand their mortgage, commercial, and MBL programs should call Centennial first.
Our residential mortgage team as a long history of helping partners build very successful lending programs. We help drive loans in to the credit union and facilitate selling loans in to the secondary market. Our commercial/construction lending team helps credit union expand their loan portfolios.
Centennial services mortgages, commercial loans, construction loans and auto leases for more that 100 credit union partners. We fully understand the headaches and regulatory risks associated with servicing loans in house and can help.
Centennial Lending helps credit unions lend.
Number of Credit Union Customers: 104
Percentage of Users/Customers that are Credit Unions: 100
Are You a CUSO?: Yes
Are there investment opportunities for credit unions?: Yes
Describe Your Business Model:Fee for services.Cost containment through economies of scale.Other (please describe)
Business Model Other: Centennial Lending is cooperative. We believe in creating successful partnerships
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: No
Centennial lending is proud of the work we do, not just about the dollars and cents, but about the effort we put in and the good that we do. At Centennial Lending our mission, vision, and our values ensure we can be proud of both. These ideas have always been ingrained in how we do business. By actively focusing on these ideas and practicing these values we can continue to provide industry-leading products and services, while also focusing on the impact that our efforts have on our partner’s and customer’s financial well-being, and by extension, their lives. We understand the power of our overall impact and make every effort to ensure it’s always positive.