Mortgage Master, Inc., one of the nation’s largest independently owned mortgage companies originating $6 billion in loans annually, has opened an office in Manhattan to serve the city’s vibrant housing market. The new office, which is licensed in New York, Connecticut and New Jersey, will handle the purchase and refinancing needs for thousands of residents in the Tri-State area.
“The Manhattan housing market has been remarkably resilient,” said Marc Kunen, head of Mortgage Master’s Manhattan office and a veteran mortgage specialist. “Establishing a foothold in the city will allow us to compete as one of the lowest cost providers and avail those savings to our customers.”
Based in Walpole, MA, Mortgage Master continues to see strong demand as low mortgage rates spur homeowners to refinance and renovate their homes. Kunen also expects to see more customers take out new loans as housing prices in the Tri-State area begin to firm. “There are an awful lot of people poised to buy right now,” he said.
The company, which is licensed in over 20 States with branches in 9, funded approximately $6 billion in 2010 and continues to expand its reach in the mortgage market.
“Our company has been successful because we open offices in markets like Manhattan where we know we are dealing with a stable, reliable community of borrowers,” said Mortgage Master CEO Leif Thomsen. “The housing market is growing in the Metropolitan area, and we want to contribute to that growth by offering low cost loans to the community.”
Prior to joining MMI to open the Manhattan office, Marc was with GFI Mortgage Bankers as a managing director where he built their Manhattan branch into a $200 million residential mortgage division. He also worked for Preferred Empire Mortgage Company as a senior loan officer and was ranked among the top loan officers in the U.S. by MOM. He holds an MBA from NYU’s Stern School of Business and graduated with a B.S. in Business from SUNY Buffalo. Marc is a native New Yorker, and is exceptionally familiar with the local real estate market and its financing nuances.
The new Mortgage Master office is located at 590 Madison Ave., New York, NY 10022.
About Mortgage Master
Mortgage Master, Inc. (www.mortgagemasterinc.com) is a Massachusetts Company founded in 1988 by Mr. Leif Thomsen. Since then, the company has grown to become the largest volume lender of mortgages in Massachusetts. Mortgage Master is the country’s largest independently owned mortgage company, consistently lending over $6 billion each year. Mortgage Master employs more than 500 employees nationwide, with approximately 240 loan experts providing loans and services in approximately 20 states.
The corporate headquarters is located in Walpole, MA, with satellite offices in California, Connecticut, New Hampshire, New Jersey, New York, Pennsylvania, Maryland, and Rhode Island. Mortgage Master employs more of the top 200 loan officers in dollar volume than any other lender in the U.S.
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