Carrington Mortgage Services Hires Lynn Halstead as Vice President for Wholesale Lending

Addition of Seasoned Mortgage Industry Executive to Drive Growth of Lending Business

Carrington Mortgage Services (Carrington) today announced the addition of Lynn Halstead as vice president of wholesale operations to its Mortgage Lending Division senior management team. Lynn joins Carrington to drive its wholesale lending channel.

"Lynn is exactly the kind of experienced, well-rounded executive we wanted to help grow our wholesale lending operation," noted Ray Brousseau, executive vice president, Carrington Mortgage Services. "Her experience covers virtually every aspect of the business -- loan production, client services, lending operations, risk management and secondary marketing -- and she excels in talent development, performance management and operational effectiveness."

Lynn brings more than 25 years of mortgage banking and real estate lending experience to Carrington. She started her career at the Household International family of companies where she managed originations and operations in the U.S. and abroad. She also managed both regional and national retail branch networks, loan servicing platforms and the wholesale correspondent lending channel. At AMRESCO Residential Mortgage as senior vice president and chief lending officer, Lynn had responsibility for wholesale and retail branch production and underwriting operations. She was also a senior vice president of national lending at Option One Mortgage, where she grew annual production to $7 billion through strategic alliances with banks and other large institutional clients.

"I am excited to join Carrington Mortgage Services, and am looking forward to working with the team to build a best-in-class origination platform," Lynn commented. "The combination of the company's entrepreneurial culture with highly engaged leaders and talented associates, made the decision to join Carrington very attractive."