Mortgage Network Inc., d/b/a MNET Mortgage Corp. in Maryland, was recently recognized as a Silver Tier Lender by the Maryland Department of Housing and Community Development’s Community Development Administration (CDA) for demonstrating superior performance in 2014.
As Maryland’s housing finance agency, the CDA operates the Maryland Mortgage Program, which provides down-payment assistance and homeownership education to eligible home buyers. To qualify as a Silver Tier Lender, a lender most close an average of five or more loans per month. By the end of 2014, Mortgage Network was the fifth highest producing mortgage lender under the MMP in the state, according to the CDA—even though the company has only one branch office in the state.
“We are delighted to be recognized by the CDA and share the agency’s commitment to making homeownership more affordable to Maryland residents,” said Hope Morgan (NMLS# 476322), manager of Mortgage Network’s Salisbury, Maryland branch. “With historically low interest rates and improving real estate values, we look forward to helping many more borrowers through the Maryland Mortgage Program this year.”
Based in Danvers, Massachusetts, Mortgage Network is one of the largest independent mortgage lenders in the eastern U.S., providing a complete range of conventional, non-conventional, government and reverse residential mortgage loans. Since 2000, the company has originated more than $35 billion in mortgage loans while building a reputation for delivering nationally acclaimed customer service. Mortgage Network is also a high-ranking provider of affordable mortgage products in other states, including Pennsylvania, New Hampshire and Massachusetts.
Morgan can be reached by phone at 443-736-4807 or by email at hmorgan@mortgagenetwork.com.
About Mortgage Network, Inc.
Mortgage Network, Inc. (NMLS# 2668) 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 2014, 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.
