Loan One, a Division of The Union Bank Co.
Loan One mortgage was incorporated in April 2007, after its acquisition of Excel Financial Services, a mortgage brokerage firm that served Wilmington, Ohio for 15 years.
Loan One’s structure emphasizes the importance of making sound risk-based loan decisions that will result in a solid performing portfolio of mortgage paper.
With customer service at its core, Loan One began its first loan to the public in April 2008. The company was then approved by HUD as a Non-Supervised Mortgagee able to make FHA loans to customers. In late 2008, Loan One became a conventional delegated lender, which has the capability to underwrite, approve and fund its own loans for several large banks such as:
- The Union Bank Company
- Flagstar Bank
- Huntington Bank
- Pacific Union
- SunTrust Bank
- U.S. Bank
This made the low priced loans more profitable and affordable, which kept the costs to the consumer at levels that were much more competitive than that of larger banks.
In late 2017, Loan One became a division of The Union Bank Company, an Ohio-based community bank. Today, Loan One offers a variety of home mortgage products to borrowers throughout the U.S.