The Wholesale Lending Division of Carrington Mortgage Services LLC has announced it is expanding its successful 30-day Purchase Promise Program to include a 21-day loan closing program for borrowers looking to purchase properties. The program, designed to significantly reduce closing times compared to industry averages, applies to FHA and conventional purchase loans. The new 21-day program also offers expanded guidelines for eligibility, including wider qualifications and fewer restrictions.Click to continue

The lending division of Carrington Mortgage Services LLC has announced the addition of Jeff Gillis as senior vice president of operations and the promotion of Mariano Demarin to national sales director for its retail lending division. The recent changes reflect the company’s ongoing commitment to strengthening its leadership team and to better serve the market with expanded offerings, faster turn times and a broader geographical reach.Click to continue

One of today’s undisputed facts is that technology can improve pretty much anything in business. Across multiple industries, the ability to automate processes via innovative solutions has created a level of efficiency that our culture has come to rely on. The mortgage lending industry, in particular, places a significant emphasis on technology—with automation being the cornerstone—to streamline its processes and ultimately, produce quality loans. The better mortgage technology gets, the more we ask of it to further enhance our business processes.Click to continue

The Wholesale Lending Division of Carrington Mortgage Services LLC has announced a new program offering 30-day loan closings for borrowers looking to purchase properties. Designed to significantly reduce closing times compared to industry averages, the new program applies to FHA and conventional purchase loans. Effective immediately, Carrington commits to process any qualifying loan from the time that a file is submitted to underwriting to the time that it funds within 30 calendar days, or the company will apply a closing credit to the loan at the time of closing.Click to continue

Carrington Mortgage Services, LLC recently announced plans to add approximately 600 jobs to meet growing industry demand as traditional lenders rely more heavily on specialty servicers to effectively manage their distressed loan portfolios. The company’s hiring footprint for 2013 calls for 150 percent growth at its Fishers, Ind. facility and 100 percent growth at its Santa Ana, Calif. headquarters following a year in which the headcount at these locations doubled.Click to continue

The Wholesale Lending Division of Carrington Mortgage Services LLC has announced two new programs specifically designed to offer both brokers and borrowers a competitive advantage in a tight housing market.Click to continue

Carrington Mortgage Services LLC has announced a new program offering 25-day loan closings to borrowers looking to purchase or refinance properties. This program, available through Carrington's retail operations, will reduce closing times by nearly 50 percent compared to average industry processing times. Carrington commits to process any qualifying loan from the time that a file is submitted to underwriting to the time that it funds within 25 calendar days, or the company will apply a closing cost credit of $500 to the loan once the loan closes.Click to continue

Carrington Mortgage Services LLC has announced that it will offer the Streamline FHA 203K loan program, which allows for up to $35,000 in property repairs to be financed into the loan, through its retail and wholesale businesses. Carrington’s retail lending division will now control the complete operation cycle and related servicing for all of its 203K loans, which were previously offered as a brokered product. Carrington’s wholesale lending division will also add the 203K loan program to its portfolio of government-insured products as of April 1.Click to continue

The lending division of Carrington Mortgage Services LLC has announced the opening of two operations centers dedicated to serving the East Coast from both the retail and wholesale lending perspective. The new facilities located in Fishers, Ind. and Enfield, Conn. will provide expanded underwriting and processing capabilities in support of the company’s plans for growth in 2013. The related increase in capacity is expected to translate into enhanced service and quicker turn times for loans.Click to continue

Ellie Mae Inc. has announced their 2012 Ellie Mae Hall of Fame inductees. Companies were chosen based on their years of service, dedication and commitment to adopting and implementing Ellie Mae’s mortgage solutions. Each of these inductees have shown a genuine commitment to innovation through automating the process of originating loans, striving for a paperless mortgage process and enhancing the overall consumer experience through the use technology and improved business processes. This year’s 10 inductees, in alphabetical order, are:Click to continue