Michael Martone in Wall, NJ

Marine Corps veteran Michael Martone will Manage Branch

DANVERS, MA – October 10, 2018 Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., is pleased to announce that it is has opened a new branch in Wall, New Jersey, serving the southern New Jersey market. Michael Martone (NMLS# 322588), a 25-year mortgage industry veteran and a former U.S. Marine, will be the branch manager.

Martone works with veterans, first-time home buyers, investors and those who purchase 2nd homes in the Ocean and Monmouth county areas of New Jersey. His office will be located at 3350 Route 138, Building 1 Suite 215, Wall, NJ 07719. The phone number is 800-334-4648.

Martone has more than 25 years of mortgage experience, most recently at Eagle Home Mortgage, where he managed its Red Bank, N.J. branch. He has lived in the Ocean/Monmouth County area since 1986 after being honorably discharged from the United States Marine Corps after six years, most of which was spent on active duty. He is a member of the American Legion as well as the Brick Morning Rotary Club, Bricktown Chamber of Commerce and Brick American Baseball League.

“We are thrilled to open another branch office this year and Mike is the right person to lead it,” said Brian Koss, executive vice president of Mortgage Network. 

oining Martone in the Wall office will be loan officer Christopher Somerholter (NMLS #201287) and loan officer/sales assistant Anthony DiLeo (NMLS# 923739).  Somerholter, who has more than 20 years’ experience in the mortgage industry, works mostly with first-time home buyers, investors and buyers looking to purchase second homes. DiLeo also previously worked at Eagle Home Mortgage.

Martone noted that there is a lack of homes for sale in Monmouth and Ocean Counties, particularly at the lower price range, which often means that many homes attract multiple bidders. There are more homes available in the jumbo price range with a little more room for negotiating with sellers.

“The best advice I can give buyers in this market is to get pre-approved for a mortgage before they shop and be aggressive in their offer to avoid a bidding war,” Martone said. “Mortgage Network has numerous loan options, both in conventional and government loans, to help them be successful. If you’re renting, get an opinion to see if you can afford to buy. In most cases buying a home will be cheaper than renting.”

Martone can be reached via email at or by phone 609-774-3288.  He can also be followed on Facebook at

Based in Danvers, Massachusetts, Mortgage Network is celebrating its 30th year in business this year.  The company has now grown to over 400 employees, with 40 branch offices licensed in 27 states. The company provides a full array of residential mortgage products, from conventional and non-conventional loans to FHA and VA loans to mortgage refinances and reverse mortgages.  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.

About Mortgage Network, Inc.

Mortgage Network, Inc. is one of the largest, privately held independent mortgage companies in the eastern U.S., with more than 40 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

Ron Anderson
Strategic Vantage Marketing & Public Relations
(770) 715-0655