Mortgage Network Honored By MassHousing For Commitment to Affordable Financing
DANVERS, MA – April 27, 2017 ─ Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., has again been honored by the Massachusetts Housing Finance Agency (MassHousing) for its commitment to providing affordable financing options to qualified first-time and low- and moderate-income borrowers.
Mortgage Network was the third largest provider of affordable mortgage products in the state in 2016 with 205 loans totaling more than $48 million. The company’s Longmeadow office was honored as the top producer of affordable mortgage loans in Franklin County, with 11 loans totaling more than $1.8 million. The company and other top producers of affordable mortgages were honored at the MassHousing Partner Awards breakfast today in Boston. This is the fourth consecutive year that Mortgage Network has been honored by MassHousing as one of the top providers of affordable mortgages 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.
“Our company has always been committed to helping deserving borrowers achieve homeownership,” said Brian Koss, executive vice president of Mortgage Network. “As home prices rise, affordability is a major issue for many would-be homebuyers. The affordable housing programs provided by MassHousing are important tools that help many consumers overcome down-payment hurdles and achieve the dream of homeownership.”
MassHousing is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The agency celebrated its 50th anniversary last year. Through its lender partnerships, the agency produced 3,190 first mortgage loans totaling more than $776 million in 2016.
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.
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