Mortgage Network







Wesley F. Sellew
Mortgage Network, Inc.
321 Wingo Way Suite A
Mount Pleasant, SC 29464

(843) 388-1772
(877) 289-MNET toll free
(843) 388-1774 fax


Copyright 2005 Wesley Sellew

Company Overview | Mount Pleasant Information | States We Do Business In
Company Overview

Mortgage Network, Inc. is a private mortgage company founded in 1988. Since inception, Mortgage Network has grown consistently year after year as our competitors, both large and small, have come and gone.

Mortgage Network, Inc. currently provides mortgage banking services in over thirty states and originates loans through both retail and wholesale channels. The company employs a number of loan officers who originate loans directly (retail) and also purchases loans from banks, licensed lenders and brokers (wholesale). In 2003 combined sales from the retail and wholesale divisions were close to $6 billion. The company has established seven regional lending offices providing retail mortgage services on the east coast from Maine to Florida.

 

Description of Business Activities

Mortgage Network originates all loans for sale on the secondary market and is approved by FNMA, FHLMC, HUD, and VA. The company utilizes a proprietary best-execution model to assure that maximum price efficiencies are achieved with each bulk loan sale offering. The secondary marketing department is continually monitoring market conditions and evaluating different opportunities. To protect itself again interest rate risk, the company uses a strategy of executing forward sales of mortgage-backed securities.

The company’s unique combination of experience, product development, and commitment to providing great service has made us an industry leader. The fact that over 75% of our business comes from direct referrals from satisfied customers speaks volumes about our absolute commitment to providing world-class service. Our loan officers are the best in the business and the entire staff at Mortgage Network backs our promise to provide a mortgage experience that is second to none.

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