The Money Store Appoints New Eastern Division Manager

FLORHAM PARK, N.J. , Feb. 10, 2023 /PRNewswire/ -- The Money Store is pleased to announce that Frank Mancino has joined the company as the Divisional Manager – East.

Frank Mancino is an industry veteran with over 35 years of experience in mortgage lending. Mancino started his mortgage career in the post-closing department of Cenlar Home Loans in 1986. Leveraging, his ability to connect with people, he quickly ascended to underwriting, where he found his passion for becoming a mortgage loan officer. During the early '90s, Mancino became a top-producing loan officer at prominent firms such as GMAC Mortgage and Chase Manhattan. 

By 1995, Mancino joined Countrywide Home Loans as Branch Manager and Vice President. During Mancino's tenure, his flagship branch in Hamilton became one of the top origination branches in the nation. In 2005, Mancino and his team joined Gateway Funding, which Finance of America acquired in 2015. His branch continued to be the top branch in the company for Gateway/Finance of America, and he was promoted to Regional Vice President for the Mid-Atlantic states. His region grew to 23 branches with more than 100 loan originators and over $2 billion in yearly funding in 2020 and 2021. Mancino's region was purchase-focused and never fell below 60% in purchase production. In September 2022, Finance of America announced it was closing its doors, and Frank and his team were forced to make only its second move in 27 years.

Mancino brought his team to The Money Store because he was looking for a company that's privately held, financially solvent, has low corporate overhead, servicing retention, is nimble and has room to grow. The Money Store offers all that and more. As a result, Mancino and his team will have access to fantastic rates, direct underwriting to agency guides, great marketing and tools to help their referral sources grow their business.  

"I'm excited to join an organization celebrating its 50th year in business," Mancino said. "I look forward to working with the amazing team at the Money Store to expand the East Coast brand and meet the current market challenges with a proven winner. 

"The Money Store has made strategic moves to be well-positioned for the future, and I look forward to adding my contribution to this company's continued growth and success," Mancino added.

About The Money Store
The Money Store is a direct mortgage lender located in Florham Park, New Jersey, licensed in 47 states. The company offers a wide range of mortgage programs to meet the needs of homeowners while also providing low rates and superior customer service. The Money Store's online-based service model includes a secure application process that tracks every step from inquiry to closing. Visit them online at www.themoneystore.com. For inquiries, contact Peter Alvarez ([email protected]) or call (973) 295-3511.

SOURCE The Money Store