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50 Most Admired Companies of the Year 2021

A premier mortgage company with top notch services: Mortgage Now, Inc.


For homebuyers who don’t have enough time to go through countless applications or surf for the best mortgage terms and rates, a mortgage company can be their best friend. By getting the service of a mortgage company, you will be partnering with a pro who will serve as your negotiator and comparison shopper — someone whose only job is to help you get the best of deals and guide you through the entire loan process. Generally, Mortgage companies work with multiple lenders who offer customized programs, and they will also analyze the products to find the most favorable rates closing costs and terms for the buyers.

Globally, there are various Mortgage companies delivering excellent services, but Mortgage Now, Inc. stands out from the rest. The inspiration and creation of Mortgage Now, Inc. was truly based on its name, Mortgage Now. As the name was being discussed with the Board of Directors, someone said, “Why not Mortgage Now?,” everyone in the room laughed. The conversation continued, this is no joke; a mortgage is one of the most important processes that anyone will ever go through; anyone that goes through the process will want it now! The Gavel was smacked onto the Conference Table, and the decision was to be made, all in favor of Mortgage Now, yea or nay, please state. Mortgage Now was officially formed on April 29, 1997.

In conversation with James L. Marchese, MPA, JD, CEO and President of Mortgage Now, Inc.

Q. Please help us understand why Mortgage NOW chose to serve only in the residential mortgages. And how uniquely does the company address its clients’ needs in this segment?

Mortgage Now, Inc. made the decision to serve only in the residential mortgages because at the end of the day, the most important part of life is our happiness and where does a lot of happiness take place in your home, whether it is with loved ones, family, your animals, it is your home. Your home is such an important part of your life, and why would we not want to help people purchase their first home, or refinance their home to a lower interest rate or renovate it? Whether it is a purchase or refinance, our process for a mortgage is to guide our clients every step of the way to make sure they are always happy. If I were to show you our reports that we have had for the last 24 years, our clients have purchased their homes or refinanced with us on an average of 4 times.

Q. ‘We will find a loan that fits each borrower.’ Splendid. Would you like to elaborate on this a bit more?

Mortgage Now, Inc, unlike most residential lenders, customizes each loan term, product, and payment to the borrowers’ respective needs. For example, we will shorten a term for a client who is 42years old with 348 months (29 years) remaining to 264 months (22 years), saving the borrower 84 payments (7 years), equating to hundreds of thousands in interest. But most importantly, they have their mortgage paid off by 64 years old with a payment that is manageable because we created a 22-year term versus the 20-year term with higher payments. Another program we offer allows borrowers to have two months without a mortgage payment up to $2,000 cash and returns their escrows (usually several thousand dollars) and still shortens their term while lowering their monthly payment. It allows borrowers to gain nearly $10,000 in cash flow without the cost of a cash-out refinance.

Q. What are your other focus areas?

We offer all types of residential loans, jumbo loans up to $2.5 million, FHA, VA, Conventional, construction loans, and asset-based loans. Our focus is providing residential financing and assisting in balance sheet management for both purchases and refinance. We are experts lending to self-employed borrowers, first-time home buyers, and complicated cases with past credit or legal issues.

Q. From your perspective, how is the industry you serve currently evolving? And what are the trends in the different categories?

COVID and the recent economic instability have caused the industry to tighten and once again make lending to the less fortunate difficult. Sadly, this is a trend that will continue, and we advise all our clients to watch their credit, do not overextend, and make sure to seek help before accepting forbearance agreements or skip payments. We are trying to educate our clients and community to avoid these pitfalls and extend credit to those in need.

Q. Where do you stand as a company in the current market landscape? And what are you doing to stay ahead of the curve?

We are forever changing lending guidelines, improving technology in order to meet the needs of our community and clients. We currently lend in California, Pennsylvania, New Jersey, and Maryland. Our team is reinventing itself every year to meet new challenges in these states. One example is our recent investment in technology which will make the process even more efficient and protect clients’ information without requiring a client to ever leave their home. Mortgage NOW, Inc. has maintained the fastest closing times in the industry and is dedicated to this end.

Q. Will Mortgage NOW be expanding, bringing on any new services that we should be aware of?

We are rolling out bank statement programs and investors programs to help borrowers who wish to buy a second home or investment property.

Meet the leader behind the success of Mortgage Now, Inc.

James L. Marchese, MPA, JD, is the CEO and President of Mortgage Now, Inc. James is a man of many talents would be an immense understatement as few others have ever worn such a wide variety of hats. He is an experienced entrepreneur, banker, whistleblower, chief executive officer, film producer, and actor; yet his role as a husband to Amber and as a father to their children, Corbin and Isabella, is first and foremost. And while he’s a devoted family man, he is also a skilled litigator and a financial thought leader who serves as president and CEO of MortgageNOW, Inc., a New Jersey-based company where he has lent and insured over $10 billion in mortgage-backed securities. James also reviews potential business ventures and whistleblower cases by utilizing his master’s degree from Columbia University and Juris Doctorate in law from Seton Hall Law School. In fact, he was recognized in 2015 for his role in helping the Department of Justice win a record $16.65 billion settlement against Bank of America. He has appeared on Money Beat, Fox Business, Good Morning America, and Watch What Happens Live, and has been featured in Wall Street Journal, Business Insider, Inquisitor, Daily UK,, and Newsweek. He has also been a contributor to Yahoo Finance and was a top influencer on Twitter, with more than 9.5 million impressions per month. When he is not working in financial services, James devotes time to his new-found passion—acting and producing in the film industry. He and Amber have both starred in Real Housewives of New Jersey, Marriage Bootcamp, and they are now working on a new project; a full-length feature film and limited series, Abaddon.

“We have relationships with many lenders. We will find the lender that offers rates good for your scenario. No matter your needs, we are here to help.”