Tag Archives: Carrington Mortgage Services

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.

Carrington Mortgage Services, LLC will offer a loan program that allows homebuyers to finance property repairs before moving in. Carrington announced FHA's Streamlined 203k loan program will be available through the company's retail and wholesale businesses.

The mortgage lending division of Carrington Mortgage Services, LLC (Carrington) was inducted into the Ellie Mae Hall of Fame for mortgage technology.

Carrington Holding Company brought two new leaders into its family of companies.

CitiMortgage announced the launch of the Home Rental Program, a program designed to provide an alternative to foreclosure and allow eligible borrowers to stay in their homes. Under the program, the eligible borrower transfers ownership of the property to a vehicle established by Carrington Capital and its joint venture partner, Oaktree Capital Management, L.P. A lease will then be established for the property at a manageable monthly payment.

Carrington Mortgage Services, LLC announced Monday the hiring of several mortgage industry veterans to join the company's Mortgage Lending Division.