Tag Archives: Carrington Mortgage Services

The Wholesale Lending Division of Carrington Mortgage Services, LLC, has announced the addition of conventional loans to its suite of products.

Santa Ana, California-based Carrington Mortgage Services announced earlier this week its intention to expand into the Central Indiana city of Westfield. The expansion will create up to 360 high-wage jobs by 2019, the company announced. Carrington plans to invest $3.17 million to renovate a 77,000-square foot facility in Westfield and have it operational by the end of the year.

Carrington Mortgage Services announced that Chad Ruggles has been hired as National Sales Director. Utilizing Ruggles' experience, Carrington's retail sales operation will focus on growth.

In an effort to give greater attention to what the company says is an “underserved” market, Carrington Mortgage Services announced Monday its intent to put a tighter focus on borrowers with credit scores in the sub-640 range.

Carrington Mortgage Services, LLC appointed Ed Ciemny to lead its office in Oak Brook, Illinois, the company announced. As branch manager, Ciemny's focus will be on directing the company's growth in Northwest Illinois as well as providing expanded offerings and faster turn times to meet demand in the Chicagoland area. Before being named to take over the Oak Brook branch, Ciemny served as Midwest Sales Manager for Carrington.

The lending division of Carrington Mortgage Services, LLC, appointed Kathy Pilgrim as branch manager of the company's facility in Duluth, Georgia. Pilgrim has nearly 15 years' experience in mortgage lending.

The wholesale lending division of Carrington Mortgage Services, LLC named Rey Maninang to lead the company's wholesale channel as SVP and national sales director.

Carrington Mortgage Services, LLC revealed plans last week to add about 600 jobs in response to growing demand for specialty servicers. This year, the company expects 150 percent growth at its Fishers, Indiana facility and 100 percent growth at its Santa Ana, California headquarters.

Effectively immediately, Carrington is offering three-day turn times on conventional purchase loans and loans insured by the Federal Housing Administration (FHA). In addition, Carrington announced that it stands ready to close FHA Streamline refinance loans with no additional interest cost to the borrower regardless of when the loan is funded.

Carrington Mortgage Services, LLC, announced a new program offering 25-day loan closings to borrowers seeking to purchase or refinance properties. According to Ellie Mae's latest Origination Insight Report, the average time to close a purchase loan was 46 days in 2012, while the average time to close a refinance loan was 49 days.