Mortgage Master Expands Its Princeton, N.J., Location

Posted by Patrick Barnard on March 30, 2016 No Comments
Categories : Residential Mortgage

National mortgage lender Mortgage Master, a division of loanDepot, has expanded its location at Princeton, N.J., which was ranked as Mortgage Master’s top branch in 2015.

The Princeton office has successfully funded more than $1 billion in mortgages for local homeowners since opening in 2010, loanDepot says in a press release.

Scott Kelsey, a 17-year veteran of the mortgage industry, leads the recently expanded office. He leads a team of eight experienced loan professionals, including Linda Wolfenson, Terry Cooper, Tom Gates, Julie Saito-Gill, Matthew Fischman, Matthew Northup, Barry Ferrono and Branden Martin.

“Princeton home values have gone up 4.0 percent over the past year, and Zillow predicts they will rise another 1.4 percent within the next year, a result of its robust growth, rebounding home prices and historically low interest rates,” Kelsey says in the release. “As our local economy and housing market continues to grow, Mortgage Master is expanding to better support the lending needs of our community and surrounding neighborhoods.”

With interest rates still near historic lows and the continued appreciation in Princeton’s median home values, the region is at the center of one of the largest home buying markets in the state of New Jersey, loanDepot says. Improving economic opportunities and new loan home construction throughout the area are expected to continue attracting potential home buyers.

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