Skip to main content

Carrington Mortgage Services Honored by USDA Rural Development

Sep 01, 2015
Carrington Mortgage Logo

The Wholesale Lending Division of Carrington Mortgage Services LLC has announced that it has been presented with the USDA Rural Development Award, and it was named a million dollar lender by USDA Rural Development Wisconsin State Director Stan Gruszynski. Carrington earned this distinguished recognition for supporting Wisconsin rural residents looking to become homeowners through the USDA Rural Development Guaranteed Rural Housing (GRH) Program. In fiscal year 2014, Carrington helped moderate income families in Wisconsin use more than $1 million of GRH program funds by financing home purchases for borrowers participating in the program. Nearly 3,300 families across Wisconsin were able to purchase a home last year through the GRH loan program, totaling nearly $414.6 million.

“Working with our lending partners across the state, we’ve made a difference to those rural families prepared to realize the responsibility and benefits of owning a home,” said Gruszynski. “The last several years have been challenging for homebuyers in rural communities. By partnering with local lenders like Carrington we are able to leverage our resources and overcome financial barriers in order to help rural communities move forward. We value our partnership with Carrington and commend their achievement and contributions to meeting rural housing goals for Wisconsin.”

The Million Dollar Lender Award is awarded at four levels Million, Silver, Gold and Platinum, based on the total amount of funding utilized by the lender; Million and Silver Levels disbursed more than $1 million, Gold Level disbursed more than $2 million, and Platinum Level disbursed more than $5 million during the past year. Carrington was also named a 2014 Million Dollar Lender in Illinois.

About the author
Sep 01, 2015
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
The Right Prescription

‘Doctor Loans’ making healthy strides in Florida

May 21, 2024
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024
UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Apr 25, 2024