Company Information

Get to know Mortgage Network

Founded in 1988 by Robert Peach and Albert Scarpelli, Mortgage Network, Inc. was a prominent independent residential mortgage lender headquartered in Danvers, Massachusetts. For over 35 years, the company focused on providing a variety of home loan products, including conventional, FHA, VA, and jumbo loans, with a mission to deliver a simple, stress-free mortgage experience to its clients. In February 2024, Mortgage Network was acquired by Movement Mortgage, a top 10 national retail mortgage lender, with its operations and loan officers being integrated into the Movement Mortgage platform.

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Mortgage Network

United States

Founded in

1988 (38 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.