Virginia-Based Net Branch Firm Closing Doors

Carteret Mortgage Corp. of Virginia, a large net branch operator that caters to loan brokers, is closing its doors, sources have told MortgageWire. At deadline time, Carteret chief executive Eric Weinstein could not be reached for comment. Officers listed in Carteret's company directory, and some of its net branch managers, did not respond to telephone calls from MW. According to the Mortgage Industry Directory, Carteret originated $2.84 billion of loans in 2006 and $3.4 billion the year before. No figures were available for 2007 and 2008. Carteret also facilitated the origination of reverse mortgages. Its telephone switchboard was reverting to an automated directory Wednesday, and its operator was not picking up. The company, based in Centreville, Va., can be found online at https://www2.carteretmortgage.com.