Mortgage Network turns 30, announces two new branches
Unique mix of company values led to the company's success despite market fluctuations
DANVERS, MA (March 12, 2018) — Mortgage Network, Inc., one of the largest independent mortgage bankers in the eastern U.S., began celebrating 30 years in business this year by announcing the opening of two new branch offices later this month. The company was first launched in 1988, and 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 to non-conventional loans, FHA and VA loans, mortgage refinancing, to reverse mortgages and more.
Mortgage Network cofounder Robert McInnes attributes his company’s longevity and growth to the decision long ago to focus on one thing: making borrowers happy.
“At the beginning, the goal was not to be the biggest or most financially successful lender, but to simply be the best,” McInnes said. “I thought if we focused on the little things and were very disciplined, we could make the loan process better for borrowers. Today, more than 98 percent of our clients tell us they would recommend us to their friends and family, which tells me we had the right strategy.”
Over the past three decades, Mortgage Network built a reputation for helping home buyers and for supporting local communities by sponsoring or co-sponsoring charitable events.
Brian Koss, the company’s senior vice president, says McInnes created a vibrant, team-oriented sales culture that enabled many originators to become top producers in their markets.
“Our culture at Mortgage Network is unique,” Koss said. “We’re passionate about what we do. Plus we have a flat management structure and no egos, which is rare in this business. As a privately held company, we make our own loan decisions and can cut through red tape to help borrowers. Our originators excel as a result.”
Another priority for the company has been technology. Last year, Mortgage Network received 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.
While other lenders fell by the wayside during the housing crisis, McInnes said Mortgage Network survived by sticking to its morals and not making risky loan decisions, even when it wasn’t the popular thing to do. Said McInnes: “Doing the right thing every day is what we’re about, and that’s why borrowers keep coming back.”
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 www.mortgagenetworkcareers.com and on Twitter at @MNETMortgage.com.