and the expectation of repayment is one of the most important aspects of sound underwriting.
Lynnwood, WA (PRWEB) July 29, 2008
Network Mortgage Services (http://www.networkhomeloans.com) has announced that the company has added five additional members to its team. Ken Cox, Marilee Schneider, and Tracy Joy have joined the company as Senior Loan Consultants. Additionally, the company has hired underwriter Megan Reeb and loan processor Maryanne Cox.
Ken Cox, of Graham, Washington, specializes in VA financing and brings 30+ years of mortgage experience to his role with the company. Most recently, he was with National City Mortgage. Cox is retired from the Marine Corps and is a Vietnam Veteran. He has an MBA in Finance and is a tireless advocate for disabled veterans.
Marilee Schneider, a 20+ year real estate and mortgage veteran, comes to the company after working as a branch manager for IndyMac Bank, American Home Mortgage, and Irwin Mortgage. Schneider resides in Snohomish, Washington.
Tracy Joy has served the mortgage industry for 8 years. She started her mortgage career with Irwin Mortgage and has also worked at American Home Mortgage and IndyMac Bank. Joy is a Lynnwood, Washington resident and specializes in financing for first-time homebuyers with a focus on FHA, VA and USDA/Rural Housing loans.
Megan Reeb joins the company as a retail loan underwriter. She previously worked for Wells Fargo Home Mortgage and North American Mortgage. She and her husband Brian reside in Everett, Washington.
Maryanne Cox joins the company as a retail loan processor and loan officer assistant. She previously worked at National City Mortgage and resides in Graham, Washington.
Kevin Lane, president of Network Mortgage Services, remains bullish on the mortgage business and stated during a recent staff meeting that the company is one of the strongest independent mortgage bankers in the region. He also reiterated that the company refrained from participating in the subprime segment of the mortgage industry. "We stayed true to our belief that a borrower should actually qualify for the loan they're seeking," Lane stated, "and the expectation of repayment is one of the most important aspects of sound underwriting." Lane also stated that the company's portfolio of closed loans continues to perform well. "It's something we keep a very close eye on," he added.
Network Mortgage, founded in 1987, is privately held, and is the only independently owned mortgage banking company headquartered in Lynnwood. The company originates loans in seven states through both a retail loan center and a wholesale lending channel and maintains approvals from HUD, VA, multiple institutional investors and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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