Mortgage Network Expands National Wholesale Operations

Mortgage Network Inc., the largest independent mortgage company in the Northeast, also known in some states as MNET Mortgage Corp., has unveiled expansion plans for its wholesale operations in North Carolina, South Carolina, Tennessee, Georgia and Alabama. The company also announced the addition of Thomas Palmer as national wholesale manager hired to lead the company's next phase of growth.

A well-known figure in the industry, Palmer brings over 25 years of experience to Mortgage Network. He was part of the original executive staff of RBMG.

‘Mortgage Network is in an incredibly unique position in an industry fraught with losses, bankruptcies, layoffs and mergers,’ comments Brian Koss, executive vice president of Mortgage Network. ‘Over the past 20 years, our founders carefully managed and grew key areas of the company, resisting high-growth speculative opportunities while maintaining high-quality services and standards. The result is a company that is profitable, growing and attracting the most respected and experienced professionals in the business.’

In the past 12 months, Mortgage Network has opened eight new offices, increased its staff by over 33% and continues to hire across all offices coast to coast, the company notes. It also recently announced record loan volume for the first quarter of 2008 – up 93% over the first quarter of 2007.

Source: Mortgage Network

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