The Wholesale Lending Division of Carrington Mortgage Services, LLC announced that it has increased its sales staff, adding 14 professionals focused on offering brokers and borrowers a competitive advantage in a tight housing market through expanded in-market service. Carrington’s latest hires include Fishers, Ind. Sales Manager James Torrence, along with 13 new account executives distributed as needed in locations across the U.S.
The recent boost in headcount is the latest development in Carrington’s strategy to bolster its wholesale lending business by expanding its breadth of product and extending its market reach. Earlier this year, the company launched two initiatives aimed at more effectively serving brokers and their realtor partners, allowing them to widen their markets and approach their businesses with confidence: a 30-Day Loan Closing Program providing consumers, brokers and their realtor partners with a shorter, more predictable timeline to secure financing, and an FHA Streamline Ready to Close Program enabling 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. FHA 203k loans are expected to become available through Carrington’s Wholesale Lending Division later this month, providing opportunities for purchase-focused brokers to work directly with real estate agents, consumers and investors throughout the front-end lifecycle of these loans, thereby maintaining involvement and increasing the potential for repeat or referral business.
“Carrington has worked diligently to refine its operational processes over the past year, enabling us and the brokers we partner with to offer an extended product portfolio backed by exceptional service,” said Ray Brousseau, executive vice president of Carrington Mortgage Services, LLC’s Mortgage Lending Division. “We have significantly grown our sales staff in order to more effectively share the benefits of these advancements with a larger base of brokers, realtors and borrowers, and to support the growing demand for quality loans and flexible, expeditious closings across these groups.”
In addition to facilitating Carrington’s bicoastal market expansion, the recent infusion of new sales personnel has provided opportunities for internal advancement for Carrington employees like Rich Marfino, who was recently promoted from account executive to area sales manager for Florida. Other recent promotions within the division include Samuel Bjelac to division sales manager for the Eastern U.S., Chris Dauria to division sales manager for the Western U.S., Brad Winters to inside sales manager for the Western U.S., and Christine Lacey to sales manager for the Western U.S.