The Wholesale Lending Division of Carrington Mortgage Services, LLC, has announced the addition of conventional loans to its suite of products.
The addition of conventional loans adds to Carrington’s government lending experience, which provides more choices for Carrington’s broker customers, agent partners, and clients, according to the announcement.
“Together with our government product line and expertise, Carrington is the go-to lender for both government and conventional lending, ensuring we’re able to provide loan choices across the entire market to enable brokers to serve a more diverse range of customers in Bringing Their Loans Home,” said Ray Brousseau, EVP of Carrington Mortgage Services, LLC’s Mortgage Lending Division.
The new conventional loan products offered by Carrington include: conforming fixed rate loans (purchase/refinance available), conforming, high balance (higher loan amounts, purchase/refinance), Freddie Open Access (Refinance), DU Refi Plus (Refinance), lender paid mortgage insurance (LPMI), and Texas Home Equity.
“With the addition of our Wholesale Lending conventional loan products, Carrington can now offer even more purchase loan options for borrowers with great credit, first-time homebuyers, those needing a low down payment and the underserved,” said Patrick Flanagan, EVP of Carrington Mortgage Services, LLC’s Wholesale Lending Division. “Combined with our great service and fast turn-times, that makes it possible for us to better serve brokers and consumers—putting more people, and more families, in the home they want.”