Mortgage Network Wins Coveted Innovation Award
Growing mortgage banker recognized for building its own borrower-friendly mortgage platform that improves the consumer experience, helps loan officers close more loans
DANVERS, MA – March 31, 2017 ─ Mortgage Network, Inc., one of the largest mortgage bankers in the eastern U.S., has been awarded a Progress in Lending Innovation Award for developing its own borrower-friendly mortgage platform that provides consumers with a rich, seamless mortgage experience and helps loan officers work more efficiently and close more loans.
Now in its seventh year, PROGRESS in Lending’s annual Innovation Awards highlight advances introduced to the mortgage market over the past year that significantly impacted the industry in a positive way. Nominations are scored on a weighted scale based on an innovation’s overall industry significance, originality, positive change, intangible efficiencies, and the hard cost and time savings achieved. Winners were announced in a ceremony hosted by PROGRESS in Lending in Chicago on Sunday, March 26, 2017.
In 2016, Mortgage Network created an online borrower portal that enables consumers to initiate and drive the mortgage process with very little assistance from the loan officer. After logging into the company’s new website, borrowers can upload their own mortgage documents, view available loan choices, receive disclosures electronically, and receive an underwritten loan commitment in as little as two days.
“Considering how many groundbreaking achievements have been recognized by PROGRESS in Lending over the years, this award is an amazing honor,” said Mortgage Network's head of Information Technology, Carlos Sa. “Full credit belongs to everyone at Mortgage Network. Our new borrower portal was truly a company-wide endeavor, as everyone provided input and feedback to ensure our solutions measure up to expectations.”
“Hopefully, this award will show other lenders that they do not have to rely solely on third parties to create a better, more efficient mortgage process,” Sa added.
Winners of the PROGRESS in Lending Innovations Awards can be found at ProgressInLending.com.
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 42 offices and licensed to do business in 24 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 December 2012 through December 2016, 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. Mortgage Network can be found online at www.mortgagenetwork.com and can be followed on Twitter at @MNETMortgage.
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