JAN 3, 2014 12:46pm ET

Mortgage Master Steps Up Its Move into Texas

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Mortgage Master hired Michael Cannatti to be its Texas regional manager and build a retail network throughout the Lone Star state.

The privately held mortgage company originates mortgages in 26 states and just opened its first Texas office in November.

It is building branches and hiring local Texas production professionals, according to the president of Mortgage Master Paul Antipastos.

“As we continue to expand, Mortgage Master is attracting experienced leaders, like Mike, with strong industry knowledge and direct marketplace experience to build quality sales teams throughout the U.S.,” Anastos says.

The Walpole, Mass.-based company has over 300 loan officers. In 2013, over 100 loan originators joined Mortgage Master in 15 states. For the first nine months of 2013, average production per loan officer was $20.5 million, which is “significantly above industry averages,” according to Mortgage Master.

“The Texas market is poised for continued growth and our goal is to make Mortgage Master a leading residential mortgage lender throughout the state of Texas,” says Cannatti.

Cannatti previously held positions at Cherry Creek Mortgage Corp., Network Funding and Countrywide. He has served as the president of the Austin Mortgage Bankers Association and chairman of the Texas MBA.

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