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Branch manager says it’s still a seller’s market, but increased inventory will help local homebuyers

October 26, 2022 – DANVERS, MA – Mortgage Network, Inc., one of the largest independent mortgage lenders in the eastern U.S., has opened a new office in Quincy, Massachusetts to better serve homebuyers and homeowners throughout the area. Led by Branch Manager John Folino (NMLS #860420), the new location, located near the South Shore Plaza and several hotels, has a staff of five mortgage professionals who have worked together for over 10 years.

“This is the perfect location for our new office,” said Folino, a Quincy native who has over 12 years of mortgage lending experience and has been with Mortgage Network since 2015. “We’re coming off nearly three years of working from our homes, so it will be great to have everyone back together, which will make our team camaraderie and chemistry even stronger. We are devoted to growing our footprint while creating a wonderful work environment that builds upon the core values that brought us to where we are today.”

Folino noted the Quincy housing market still favors home sellers and encouraged anyone thinking of buying a home to get prepared now by first speaking to a trusted mortgage professional.

“We’ve been in a seller’s market since last year and most homes continue to sell above asking price,” Folino said. “However, the number of available homes in our area increased slightly over the last month. If this trend continues, it could be a good sign for homebuyers.”

“It’s important for potential buyers to get prequalified now so they can act quickly once they find the home they want,” he added. “If a home purchase is in your future, start looking for a trusted loan officer who can guide you through the process and help you prepare to make a strong offer.”

Joining Folino in the new office is Senior Loan Officer Elisa Balboni (NMLS #179909); Loan Officers Peter Chan (NMLS #1947329), Jack O’Riordan (NMLS# 85409), and Jason Smith (NMLS #2190984); and Mortgage Specialist Jessica Desmond (NMLS #2126560).

While the Quincy team will first focus on getting everyone up and running, they plan to add more professional loan officers and other support staff. Interested mortgage professionals can check online for open positions in the coming months and to apply.

The new office is located at 859 Willard Street, One Adams Place, Quincy, MA 02169. Folino and his team can be reached at (617) 531-0406 or via the Quincy office website.



About Mortgage Network, Inc.

Mortgage Network, Inc. is one of the largest, privately held independent mortgage companies in the eastern U.S., with 35 branch offices and licenses in 27 states. The company offers a flexible menu of agency direct, portfolio and jumbo solutions and is backed by its proprietary, award-winning technology and a commitment to help mortgage professionals grow their business. Year after year, more than 98 percent of Mortgage Network customers and referral sources say they would recommend the company to family and friends. Based in Danvers, Massachusetts, Mortgage Network was founded in 1988 by Robert McInnes and can be found online at and on Twitter at