April 13, 2017
Personal and Company History
The Mortgage Corner® of New England is a licensed mortgage broker in Massachusetts and Rhode Island offering a full selection of mortgage products represented by many national mortgage lenders. President Jeff Desrosiers and Senior Vice-President Tom Foley have a combined 66 years of mortgage experience. Jeff & Tom started working together at Old Stone Bank in 1984.
Jeff left Old Stone Bank in 1992 to start mortgage operations at AAA Sothern New England. Serving AAA’s local 2.3 million members in Rhode Island and Massachusetts, he lead AAA into the mortgage business. He became Vice President of Financial Services adding auto loans, credit cards and all other financial products under his direction including the formation of AAA Bank in 2000. In September of 2001 he left AAA to open his own mortgage company The Mortgage Corner® of New England where he is today.
Upon Old Stone Bank closing, Tom started his own company with New England Pacific Mortgage in 1994. Joining forces with many former Old Stone employees Tom lead a group of mortgage professionals into a successful mortgage company.
Jeff & Tom stayed in communication during their years apart and in 2009 decided to team up again at Mortgage Corner® of New England. The mortgage meltdown of 2008 caused many mortgage professionals to leave mortgage brokers and join banks or large mortgage companies. The Mortgage Corner® of New England has not only survived but thrived as one of the few mortgage brokers remaining in Rhode Island.
How we work
Our independence and network of lenders allows us to service our clients and maximize the mortgage programs we can offer them. We are not limited to one lenders rates and programs. We have many lenders to provide options for our clients. Out national lenders give us the power to offer great rates and turnaround time while our local lenders allow us to offer non-conforming loans such as construction loans or rehab mortgages. We were the first mortgage broker allowed to do business with Rhode Island Housing & Mortgage Finance Corporation and continue to offer their amazing programs today.
We are located in Warwick, RI central to the state. We still believe in local face to face service allowing us to meet our clients at their convenience. We were recently voted as one of the top 3 lenders in the Providence Journal Readers Choice awards. Our goal is to create lasting relationships with our customers by providing them with the mortgage product that best suits their financial need at the best interest rate available.
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