Veteran originator Stephen Bachman has joined Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., as a branch manager in the company’s Wildwood, N.J., office, where he will serve home buyers and homeowners throughout the Philadelphia and Jersey Shore areas.
According to Mortgage Network, Bachman has seven years of mortgage banking experience in the Philadelphia and Jersey Shore areas. Most recently, he served as a loan originator for EverBank.
“Steve’s unique knowledge of both Philadelphia and the New Jersey Shore makes him the perfect fit for this role,” says Ted Lawler, Mortgage Network’s regional manager. “He will be able to help borrowers whether they’re looking for a primary residence near the city or a vacation home near the beach – or if they need to refinance.”
Bachman is optimistic about the South Jersey real estate market, noting that home prices in the shore area are below their peak from before the Great Recession and that there currently is a large inventory of affordable homes.
“Combined with today’s low mortgage rates, millennials and other first-time home buyers couldn’t ask for a better time to buy a home, and we can help them do it,” Bachman asserts.