





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 |
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| 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.
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| 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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