Interate Mortgage Corporation

Information may not be reliable

Interate Mortgage was founded in June of 1986 by David Chinian as a small independent mortgage company in Massachusetts. David recognized the need for a full service mortgage lender that offered low rates and better service with convenient hours back in a time when just about the only place for a home buyer to get their mortgage was at a bank or bank owned “mortgage department” offering 9 to 4 hours Monday through Friday with a half day on Wednesday.
By 1988 David had assembled a dedicated team of the best and brightest from the mortgage and banking industry to help realize his corporate mission. The result exceeded the expectation as Interate quickly experienced explosive growth through word of mouth from a swelling list of happy and repeat clients by under-promising and over-delivering honest low rates along with incredible service, extended hours seven days and an ongoing commitment to leading edge technology.
In 1990, after outgrowing a few different offices, they finally settled on a location that could accommodate their organic and steady growth at the Methuen Executive Park on route 213, today referred to as "The Loop". From this convenient location Interate was able to easily service their client’s mortgage needs in Massachusetts, New Hampshire and into Southern Maine, where they were also licensed as a full service mortgage banker and mortgage lender.
Seeing the need for uniform regulation and controls in a fast growing segment of the financial services industry, the Commonwealth of Massachusetts enacted mortgage lender and mortgage broker licensing in 1991 and Interate Mortgage Corp. was issued mortgage lender license number ML0023 as the 23rd licensed lender in Massachusetts.
On January 10, 1992 Interate Mortgage obtained the Federal Housing Administration’s FHA Title 1 Home Improvement, Title 2 Home Loan and VA Authorized Lender approval by the U.S. Department of Housing and Urban Development, (also known as HUD). David recognized the immediate need for these badly needed resources in a time of the well remembered national recession of the early nineties. It was through this under utilized government sponsored program that Interate was able to help the working class families that needed it most. These FHA mortgage programs included the nearly forgotten 203k housing rehab and construction loan. The "203k" loan provided for 100% of the construction portion of funds needed to effectively renovate "America's Aging Housing Stock". Interate quickly became a lead lender in the region for this program. As a result, the following year, Interate Mortgage was formally recognized by the Secretary of HUD at the time, Henry Cisneros in his opening remarks to The Mortgage Bankers of America, (MBA) national conference held in Boston to an audience of more than 7000 bankers from around the country to help inspire other bankers to take notice and participate as well.
Through the years, Interate Mortgage executive and team members have humbly received many accolades and awards from several community and charitable organizations, such as the Boys and Girls Clubs, Lions Clubs, United Way, Chamber of Commerce Revolving Loan Fund Program, Better Business Bureau, Northeast Builders Association, Northeast Realtors and specially their loyal clients themselves, being awarded the “Best of the Best” mortgage lender by market surveys of America for several consecutive years.
When the decision was made and known of our interest in joining forces with a larger direct lender to better serve our clients future needs, many key people from the regional and national banking and mortgage lending industry quickly took notice and pursued the opportunity to have a profound turn key presence North of Boston and into New Hampshire and Maine. After an extensive and exhaustive consideration process was complete, it became clear that a fit with the Greenpark family and culture was a natural one as they too built Greenpark with the same personal attention to every employee, loan officer and client while maintaining stringent industry compliance as we did.
The Interate to Greenpark transition creates a clear and present benefit to our dedicated and loyal employees of many years, the local business community and specially our past, present and future repeat clients. Our convenient Methuen Executive Park location remains home to Jim Kochakian, Loan Officer and Greenpark Branch Manager in addition to several other dedicated loan officers and support staff. David Chinian, Northeast Regional Manager will remain responsible for building and supporting a team of the “best of the best” dedicated mortgage banking professionals North of Boston, including New Hampshire and Maine.
Greenpark Mortgage was founded in 2001 by Paul Gershkowitz and Patty O’Meara. Paul and Patty are both dedicated mortgage professionals who were determined to build a mortgage company that would rise above the competition by offering great service and low rates. Greenpark Mortgage has become one of the most highly regarded privately owned, direct lending retail mortgage companies in Massachusetts. The success of Greenpark Mortgage is the result of both an excellent operations team and a dedicated, experienced team of mortgage professionals, who combined, provide incredible customer service to their customers. Greenpark Mortgage believes "our exemplary service" is the reason for their success. Their dedicated teams of professionals focus on your loan from application to closing. Greenpark Mortgage is a direct lender that uses their own funds to close loans. This in conjunction with local processing, underwriting and closing departments, enables the process to be simplified. Our dedication to these practices has allowed us to withstand the current financial and economic climate; while many mortgage companies have closed their doors, Greenpark has expanded their funding capacity and opened new offices. They currently have offices in Needham, Franklin, Quincy, Westborough and now at the Methuen Executive Park. Greenpark is licensed in MA, NH, ME, VT, CT, RI and FL.

CT:Mortgage Lender MCL-2030 FL:Correspondent Mortgage Lender CL0700511 ME:Supervised Lender License #SLM10152 MA:Broker and Lender #MC1883 MS:Licensed by the Mississippi Department of Banking and Consumer Finance NH:Licensed by the New Hampshire Banking Department RI:Broker #20072173LB, Lender #20072174LL VT:Mortgage Lender #6090