When members of the Real Estate Management Network (REMN) were looking for a location for their New City branch, they didn’t have to look far from the last time they had a branch in New City.
In fact, the new office is in the same shopping center on Main Street that the prior office was in. The office, which opened in late August, is located at 53B South Main Street at the space where the bicycle store, Cycle World, used to be. On Thursday, REMN held a ribbon cutting and grand opening ceremony with local officials.
REMN had an office in New City from 2003 to 2009. It moved back into New City because a team from MetLife became available after MetLife Home Loans closed down the mortgage business portion of its company earlier this year. Joseph Moskovic, of New City, was the team manager at the MetLife location on Route 303 from 2008 until January of this year. Within two weeks of the branch getting word it was closing, the team agreed to move to REMN.
“We had been trying to get [Moskovic] for about two years already,” said Doug Rotella, who founded REMN in 1989. “He had an excellent reputation. I’m thrilled we finally got Joe on board. He and his team are going to be a good presence with the company.”
REMN is an independent residential mortgage lender with offices in 20 states. It is licensed in more than 40 states. Its headquarters are in River Edge, NJ Last year it closed more than $2.3 billion in home loans.
“We are a true lender service and one of the top independent mortgage lenders in the country,” Rotella said.
Moskovic said there are seven people in the office right now, all local. All but one person in the office lives in the New City. The other person lives in Nanuet. He added they’ll be looking to hiring at least three people in sales possibly by the end of the year.
He noted some people on the team have worked together for close to 20 years.
“We have a good team,” he said. “We’ve worked together a while and we’ve worked in this area a while.”
Moskovic said mortgages can be for first-time homebuyers, people renovating homes, buying cars, buying condos and more.
“Really, anyone who wants to achieve the American dream,” Moskovic said.
Rotella said he’s excited for the New City branch to get going.
“We have a good team and a good location,” he said. “I think they’re going to make some good connections and develop relationships with the community.”