Company among top lenders dedicated to low- and moderate-income
borrowers in 2015
April 5, 2016 – DANVERS, MA – Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., has again been honored by two state housing agencies for its commitment to providing affordable financing options to qualified first-time and low- and moderate-income borrowers.
The Pennsylvania Housing Finance Agency (PHFA) recently announced that Mortgage Network had the fourth highest loan volume under the agency’s affordable mortgage program in 2015, up from sixth last year. Meanwhile, in Massachusetts, Mortgage Network was the top producing lender of affordable mortgage products under the Massachusetts Housing Finance Agency (MassHousing) in both Hamden and Hampshire counties. Last year, Mortgage Network was the third top producing lender of MassHousing loans in the state.
Based in Danvers, Massachusetts, Mortgage Network provides mortgage banking services in more than 20 states through a wide variety of retail offices built to fit each local market. Mortgage Network is more focused and agile than many larger competitors, which allows the company to provide a high level of service to its customers and its business and referral partners.
“It’s an honor to be recognized for helping people overcome the challenges to homeownership, which has always been our focus,” said Brian Koss, executive vice president of Mortgage Network. “In spite of an improving housing market, many people have difficulty buying a home because of down payment hurdles or other factors. Affordable housing programs in Pennsylvania and Massachusetts play a valuable role in helping qualified applicants overcome these barriers and achieve the dream of homeownership, and we are proud to support them.”
PHFA works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs in Pennsylvania. MassHousing is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. Both agencies provide down-payment assistance and first-time homebuyer education to residents.
About Mortgage Network, Inc.
Based in Danvers, Massachusetts, Mortgage Network, Inc. is one of the largest, privately held independent mortgage companies in the eastern U.S. region. The company is licensed to do business in 26 states and has more than 400 employees and 40 branch offices. Mortgage Network 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 December 2012 through January 2016, more than 98 percent of customers would recommend Mortgage Network to friends and family members. Founded in 1988 by Robert McInnes and Albert Paré III, Mortgage Network can be found online at www.mortgagenetwork.com and followed on Twitter at @MNETMortgage.