Crescent Mortgage Company was founded on February 16, 1993 as a wholesale lender for community banks in the Southeastern United States. On the first day of business, we faxed a hand written rate sheet to our first approved correspondents. By 10:00 AM the following morning we had received over $25,000,000 in loan locks, and knew at that time the future would be bright.
In 2003 The wholesale mortgage company was acquired by a bank holding company based in Charleston, SC; Carolina Financial Corporation. Carolina Financial Corporation has two member banks. Crescent Bank in Myrtle Beach, SC and Community FirstBank in Charleston, SC. In 2009, Crescent Mortgage moved from being a wholly owned subsidiary of the holding company, to being a wholly owned subsidiary of the bank. The two banks Merged in August, 2011 and became CresCom Bank. CresCom Bank was then purchased in 2020 by United Bankshares, Inc. United Bankshares is the parent company of United Bank. Crescent Mortgage is now a fully owned subsidiary of United Bank.
Over the past 20 years Crescent has always operated based on a simple and enduring philosophy. We want to be the best SERVICE provider in the mortgage industry. Our goal is to meet or exceed our customers' expectations at every point of contact. Crescent has never had any desire to be the largest lender in the country. As a community bank we know you understand that Bigger is not always Better. In fact, we find as a mid size mortgage lender, we are a perfect fit for community banks! Big enough to provide an expansive suite of loan products and latest technology advancements; Small enough to listen, and custom fit our services based on your banks individual needs.
Today Crescent Mortgage Company lends in 43 states and partners with over two thousand Community Bank, Credit Union, and quality Mortgage Brokers. Because Crescent Mortgage Company has always been prudent in its lending, we do not have the issues faced by many wholesale lenders. Crescent Mortgage Company never made Sub Prime loans, Negative Amortization Loans, or Pay Option ARM's. Therefore, we do not have to focus our time and efforts remedying our past portfolio. Rather, we can focus on the future of mortgage banking and expanding our partnerships with quality partners.
You will find in dealing with Crescent, that many of our employees and leadership have been here from the beginning. Most managers at Crescent have been here over a decade! Including the President, SVP National Sales Manager, SVP Quality Control, VP National Closing Manager, VP of Credit Policy, VP of Secondary Marketing. All the members of the Crescent Mortgage family are excited to offer our services to you and the people of your community.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154