Mortgage Master Hopes to Fund $7 Billion This Year

Mortgage Master, Walpole, Mass., one of the largest privately held nonbanks in the nation, estimates its originations will grow 27% this year to $7 billion, according to a new forecast from the company.

At $7 billion, it would rank among the nation’s 40 largest lenders, according to figures compiled by National Mortgage News and the Quarterly Data Report.

Over the past year, Mortgage Master has hired 120 new employees and opened a new operations center in Maitland, Fla. It also expanded an existing operations office in Sea Girt, N.J.

The firm said it is continuing to hire processors and underwriters as well as loan officers.

Mortgage Master, in business since 1988, is licensed in 22 states with a strong presence in New England.