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Tag Archives: Carrington Mortgage Services

Carrington Plans Expansion Into Central Indiana, Creating 360 Jobs

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.

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Nonprime Market Sees New Entrant

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.

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Carrington Names Branch Manager for Illinois Office

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.

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Carrington to Add Nearly 600 Jobs Between Two Facilities

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.

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Carrington Offers Three-Day Turn Times for FHA, Conventional Loans

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.

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New Carrington Program Offers 25-Day Loan Closings

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.

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