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Salem, Mass., February 2, 2018 – Salem Five Mortgage Senior Loan Officers Maria Luker, Sean McCarthy and Jeffrey Nadeau have been recognized by MassHousing as top producers of first mortgage loans for low- and moderate-income Massachusetts residents in 2017.
The loan officers were recognized based on the number of MassHousing Mortgages they produced in fiscal 2017, which ran from July 1, 2016 to June 30, 2017.
MassHousing is an independent, quasi-public agency created in 1966 that provides financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. Since its inception, MassHousing has provided more than $20 billion for affordable housing in Massachusetts.
“At Salem Five, we believe that financial self-sufficiency is crucial to creating strong, thriving communities,” said Salem Five Mortgage President Ed McDonald. “Home ownership is an important part of that financial puzzle, and we’re proud to help first time home buyers reach their goals through our partnership with MassHousing.”
Salem Five Mortgage is an industry leader, financing more homes statewide than any other Massachusetts-based bank, and a dedicated supporter of affordable housing in Massachusetts. Salem Five Mortgage was also previously recognized by MassHousing as a top affordable housing loan producer in 2015 and 2016, and Salem Five Bank President and CEO Ping Yin Chai serves as Vice Chairman of the board of MassHousing.
Bancorp is the parent bank holding company of Salem Five (www.salemfive.com), a mutual institution founded in 1855. Salem Five aims to make money less complicated and thereby make customers’ lives simpler and easier by offering sophisticated retail and commercial banking products, personalized service and innovative technology. Salem Five is one of the largest Massachusetts-headquartered banks with $4.7 billion in assets and 34 retail branches in Essex, Middlesex, Norfolk and Suffolk counties and New Hampshire. Divisions include Salem Five Mortgage Company, which has financed more homes than any other Massachusetts bank; Salem Five Financial which offers financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Agency, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC and DIF. Salem Five Mortgage Company’s NMLS # is 4662. Equal Housing Lender. Securities are offered through LPL Financial, member FINRA/SIPC. Life insurance products are offered through LPL Financial or its licensed affiliates. Insurance and investment products are not FDIC insured, not bank guaranteed, may lose value, not a deposit, and not insured by any federal government agency.