Carrington Expands Its Wholesale Footprint

The Wholesale Lending Division of Carrington Mortgage Services, LLC (Carrington) has expanded its coverage in the Southeast, adding an operations center in Jacksonville, Florida. This latest addition reflects the company’s ongoing commitment to extending its reach and growing its wholesale business into 2014, even as other lenders are exiting the new purchase-centric market. Focused on extending the borrowing potential of consumers through conventional and government loan products, Carrington is committed to providing what consumers, real estate professionals and brokers rely on: a wide breadth of product, reduced turn times and exceptional service.

The new office, which opened for business on November 18th, is led by Divisional Sales Manager Richard Dybel and Director of Operations Jawana Thomas – both formerly with EverBank Financial Corp., which recently exited wholesale lending. Dybel and Thomas each come to Carrington with more than 20 years of experience in mortgage lending management.

“We’re pleased to open our fourth wholesale operations center, and to welcome industry veterans Richard Dybel and Jawana Thomas to the Carrington family,” said Ray Brousseau, Executive Vice President of Carrington Mortgage Services, LLC’s Mortgage Lending Division. “By increasing our Southeastern sales and service footprint under their capable management, we’re taking yet another step toward helping our broker partners grow their businesses, their agents close more loans, and the borrowers they work with get into the homes they want.”

Carrington’s range of offerings includes traditional loans and government products including FHA, VA and USDA purchase loans, as well as FHA Streamlines and 203k products for borrowers looking to refinance their mortgages. Earlier this year, the company expanded its credit requirements on all government products, reducing the minimum FICO score to 580 to make qualifying for loans easier on the borrower. To further extend lending opportunities among consumers, Carrington also modified its guidelines to include manufactured houses as eligible properties for FHA and VA loan programs, omit overlays for FHA first time home buyer loans, and add non-traditional credit guidelines for FHA borrowers with limited or insufficient credit.

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