Carrington Growing Wholesale Through Hires, New Programs

Carrington Mortgage Services LLC has hired 14 account executives for its wholesale lending division as part of its efforts to expand both product and market reach. The latest hires include Fishers, Ind.-based sales manager James Torrence, along with 13 new account executives which were distributed as needed in locations across the U.S.

This growth initiative is something the company has been pursuing since the start of the year.

“Carrington has worked diligently to refine its operational processes over the past year, enabling us and the brokers we partner with to offer an extended product portfolio backed by exceptional service,” said Ray Brousseau, executive vice president.

“We have significantly grown our sales staff in order to more effectively share the benefits of these advancements with a larger base of brokers, Realtors and borrowers, and to support the growing demand for quality loans and flexible, expeditious closings across these groups.”

Previously, Carrington introduced a 30-Day Loan Closing Program providing consumers, mortgage brokers and their Realtor partners with a shorter, more predictable timeline to secure financing; and an FHA Streamline Ready to Close Program enabling borrowers to close eligible refinance loans any day of the month with no additional interest, allowing them to take advantage of possible lower rates and expediting compensation timelines for brokers.

Later this month, Carrington expects to offer Federal Housing Administration 203k loans, providing opportunities for purchase-focused brokers to work directly with real estate agents, consumers and investors throughout the front-end lifecycle of these loans, thereby maintaining involvement and increasing the potential for repeat or referral business.