Carrington Mortgage Services Expands its Northeastern Coverage with Rhode Island Wholesale Branch

Company’s wide array of products and faster turn times attract brokers, agents and borrowers

JUNE 26, 2013 – SANTA ANA, CA – The Wholesale Lending Division of Carrington Mortgage Services, LLC (Carrington) today announced that it has expanded its coverage in the Northeast, adding a branch office in Rhode Island. This latest addition reflects the company’s ongoing commitment to extending its wholesale market reach while attracting some of the best talent the mortgage industry has to offer.

The new branch employs a seasoned team of professionals bringing with them a combined 67 years of mortgage lending experience. In this constantly evolving real estate market, Inside Sales Manager Kevin DeLory will lead the office and call upon his proven expertise in assembling top-producing professionals who consistently deliver the premiere service experience that mortgage brokers require.

“My team and I are looking forward to making Carrington the wholesale lender of choice in the Northeast and are anticipating rapid growth over the next 90 days,” said DeLory. “Carrington’s commitment to providing quality product offerings that enhance a broker’s ability to compete in the market is just one example of its emerging industry leadership – something that attracted us to the company in the first place.”

This year, Carrington launched three initiatives providing opportunities for brokers to widen their markets and approach their businesses with confidence:

·         The 30-Day Loan Purchase Promise Programproviding consumers, brokers and their realtor partners with a shorter, more predictable timeline to secure financing for FHA and conventional purchase loans.

·         The21-Day Loan Purchase Promise Programfurther reducing the turnaround time for qualifying FHA and conventional purchase loans, and offering expanded guidelines for eligibility, including wider qualifications and fewer restrictions compared to the 30-Day Loan Closing Program

·         The FHA Streamline Ready to Close Programenabling 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.

“Carrington is well-positioned as the go-to lender for brokers, borrowers and agents looking for quality loans with flexible and fast closings – products that offer them a competitive advantage in a tight market,” said Ray Brousseau, Executive Vice President of Carrington Mortgage Services, LLC’s Mortgage Lending Division. “We’re thrilled to welcome Kevin DeLory’s team to Carrington, where we know their extensive lending expertise and exceptional customer service will prove essential in serving Carrington clients in the Northeast.”

About Carrington Mortgage Services – Mortgage Lending Division

Carrington Mortgage Services, LLC – Mortgage Lending Division is the residential wholesale and retail loan origination division of Carrington Holding Company, LLC.  The company is licensed to originate loans in 43 states and the District of Columbia, with an experienced team focused on producing high quality loans and error-free transactions.  Carrington’s advanced technology platform and high-touch customer service provide superior loan origination experiences for retail and wholesale customers alike.  Founded in 2007, Carrington is based in Santa Ana, California and is an equal housing opportunity lender.  To learn more about Carrington’s wholesale lending division, please visit www.CarringtonWholesale.com.

Media Contacts:       

Michelle Schneider

Office: (949) 517-7197

Mobile: (760) 419-2543

Michelle.Schneider@carringtonmh.com

 

Christine Stricker

Office: (949) 517-7313

Mobile: (714) 873-4275

Christine.Stricker@carringtonmh.com

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