Loan Think

A Revival in Wholesale?

Next week the National Mortgage News website will publish a story about some improving numbers in wholesale production, but in the meanwhile we keep hearing stories about firms growing their presence in table funding. (It would appear these companies are picking up wholesale market share once controlled by Bank of America.) One of those firms is Carrington Mortgage Services, Irvine, Calif., which now employs 29 wholesale account executives -- triple what it had two months ago. The privately held Carrington is continuing to hire. “We’re looking for the best and the brightest,” company executive Alan Pott told us. For more information, see our mortgage jobs story in the Monday paper edition of NMN

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