Industry's Best Kept Secret - Mortgage Network Inc. Embarks on Ambitious Expansion Plans

DANVERS, Mass.--(BUSINESS WIRE)--Mortgage Network, Inc, the largest independent mortgage company headquartered in New England, today unveiled the reunion of the “original dynamic duo”, Brian Koss, executive vice president, and Martha Harvey, Senior Loan Officer, providing a combined total of over 35 years of home buying and debt management expertise since 1989. The pair, as TheKossTeam, have lent over 1Billion dollars in home loans together. Currently they have 450 million dollars in Mortgages Under Management.

“We are not a growth for growth mentality. We aren’t looking to bring on a person to bring their business with them. We want to bring the people who have the ability to CREATE business in our culture.”

With over 50 hires since 2006, including well known New England experts like Maureen Elliot, the first woman chairperson for the MMBA, Gina McCulloch and Michael Cronin, Mortgage Network is one of the few lending companies in the industry to be growing during these unstable times.

Back in 2003, the company went from 1 billion to 3 billion, but chose to create a master plan for success instead of immediately jumping into big growth. During the past three years, company co-founders Robert McInnes and Albert Paré III examined the Control areas of the company (infrastructure, information, reporting, operational) and the Profit management. With those two phases complete, they are ready to enter phase three: Growth. Brian Koss was brought in to lead the national expansion as he had done previously at North American Mortgage and Countrywide Home Loans. In 2006-2007, their overall production is up 36% with retail at 40% and wholesale at 60%.

“Many companies experienced the same success we did in 2003, but went straight to growth”, said Paré. “Now, many of those businesses are falling. We chose to make sure we had a business that was in top notch shape before the growth phase.”

Paré said they are attracting the best in the industry to join Mortgage Network. “We want to know every individual we bring in here,” he said. “We are not a growth for growth mentality. We aren’t looking to bring on a person to bring their business with them. We want to bring the people who have the ability to CREATE business in our culture.” Paré added that the leaders they are bringing in are looking for stability and long term viability and are tired of the big corporate structures.

The Koss Team has had a long track record of consistent top market share in New England and top production status at Countrywide Home Loans, North American Mortgage Company and Independence One Mortgage Company. Koss shares his knowledge often as host of Mortgage Mondays on nationally syndicated Money Matters radio show and is frequently quoted regionally and nationally as an expert in debt management. Prior to Mortgage Network, Koss was the SVP for Countrywide Home Loans where he was responsible for all management aspects of the 54 retail branches in New England and New York.

Together, The Koss Team plans to add their annual average of $140M in production to Mortgage Network’s quest to become a $20B during the next 5-7 years. “We intend to do this by finding the right loan for the right people at the right time,” said Koss.

“Martha and I have been working together since 1989 helping homebuyers and homeowners get a handle on their debt and finding the right mortgage solution for them,” said Koss. “Together, we have managed over $1 Billion in mortgages and have seen every situation out there, which helps us to know the right solutions for different needs. I look forward to working closely again with Martha to provide the most competitive rates, service and mortgage programs for people purchasing and refinancing their homes.”

Harvey comes to the Westford, MA office of Mortgage Network with over 16 years of experience in the mortgage industry, providing exceptional customer service and knowledge to homebuyers. Her advocacy for her clients has created a strong and growing base of referral and repeat clients over the years. Prior to Mortgage Network, Martha was a 4 time Circle of Excellence Award Winner at Countrywide placing her in the top 2% of producers nationally.

Harvey lives in Groton, MA and serves the Nashoba Valley along with the Winchester, Medford, Lexington, Cambridge and Arlington areas of Massachusetts. She can be reached for a complimentary consultation at 1-800-373-7356 or email The Koss Team at thekossteam@mortgagenetwork.com.

Mortgage Network currently provides mortgage banking services in 35 states and originates loans through both retail and wholesale channels. The company has established thirteen regional lending offices providing retail mortgage services on the East Coast from Maine to Florida.

“The fact that over 75% of our retail business comes from direct referrals from satisfied customers speaks volumes about our absolute commitment to providing world class service, which is attractive to already experienced and successful loan officers,” said Koss.

Koss added the team is looking forward to servicing New England with the lowest rates, best service and stellar expertise as they expand throughout the country.

About Mortgage Network, Inc.

Mortgage Network, Inc. is a private mortgage banking company founded in 1988 by Robert McInnes and Albert Paré III who have co-managed the Company since its inception. Mortgage Network, is the largest independent mortgage company headquartered in New England. The Company’s unique combination of experience, product development, and commitment to providing great service has made Mortgage Network an industry leader. Mortgage Network, Inc. currently provides mortgage banking services in over thirty five states and originates loans through both retail and wholesale channels. The Company has established sixteen regional lending offices providing retail mortgage services on the East Coast from Maine to Florida. Mortgage Network can be found on the World Wide Web at: www.mortgagenetwork.com.