Mortgage Network Focus on Affordable Housing Soars

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We are very excited to announce our new MassHousing, NHHFA and PHFA rankings!

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Mortgage Network Focus on Affordable Housing Soars

  1. 1. FOR IMMEDIATE RELEASE MORTGAGE NETWORK’S FOCUS ON AFFORDABLE HOUSING PROGRAMS SOARED IN 2013 Growing mortgage banker became MassHousing’s largest mortgage partner last year while ranking among top five at Pennsylvania and New Hampshire housing agencies DANVERS, MA – March 21, 2014 ─ Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., has moved up the rankings of two New England housing agencies and a Pennsylvania Housing Agency that provide first-time and low- and moderate-income borrowers with affordable financing options. Mortgage Network is now the top-producing lender of affordable mortgage products under the Massachusetts Housing Finance Agency (MassHousing), moving up from the number two spot a year ago. In addition, the company is the fifth largest provider of affordable mortgages with the New Hampshire Housing Finance Authority and the fifth largest lender with the Pennsylvania Housing Finance Agency, where it ranked tenth a year before. Based in Danvers, Massachusetts, Mortgage Network provides a complete range of conventional, non-conventional, government and reverse residential mortgage loans. Since 2000, the company has originated more than $35 billion in mortgage loans while building a reputation for delivering nationally acclaimed customer service. “Helping first-time buyers has been a focus of our company since day one, so we are delighted to see our commitment reflected in the latest rankings,” said Brian Koss, executive vice president of Mortgage Network. “As the housing market continues to recover, affordability has become an issue for many potential buyers. Affordable housing programs in Massachusetts, Pennsylvania and New Hampshire are important tools that provide sensible financing options to borrowers who would otherwise have trouble buying their own home, and have been a significant part of our business.” In addition to the latest rankings, Mortgage Network was the top-producing lender in 2013 with MassHousing in both Hamden and Essex counties, while Jane Jordan, the branch manager of Mortgage Network’s Laconia, New Hampshire office, was the second-ranked originator under the New Hampshire Housing Finance Authority, up from third in 2012.
  2. 2. About Mortgage Network, Inc. Mortgage Network, Inc. is one of the largest, privately held independent mortgage companies in the Eastern U.S. region, with more than 45 offices and licensed to do business in 21 states. The company provides a full range of residential mortgage products, including conventional and non-conventional loans, FHA and VA loans, mortgage refinancing and reverse mortgages, while offering borrowers a unique combination of experience, product development, and commitment to great service. According to a customer survey conducted from January 2011 through December 2012, more than 98 percent of customers would recommend Mortgage Network to friends and family members. Based in Danvers, Massachusetts, Mortgage Network was founded in 1988 by Robert McInnes and Albert Paré III, who have co-managed the company since its inception. Mortgage Network can be found online at www.mortgagenetwork.com and can be followed on Twitter at @MNETMortgage. PRESS CONTACT: Warren Lutz Strategic Vantage Marketing & Public Relations (925) 270-3941 WarrenLutz@StrategicVantage.com # # #

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