Carrington Mortgage Services Expands Retail Lending Network

  • 13 Local Home Loan Branch Offices Scheduled to Open in Q1 2011

SANTA ANA, Calif.--()--Carrington Mortgage Services, LLC (Carrington) announces the scheduled opening of 13 new branch offices in its retail mortgage lending network with the hiring of new branch managers.

The new branches are expected to be the latest additions to Carrington’s branch network, growing its total number of local home loan offices to 20. This expansion of the branch network furthers the company’s focus on strengthening its local customer relationships and building a national network of mortgage branches.

“Changes in the mortgage industry have left consumers with fewer choices for their home loan needs,” said Wes Iseley, president of Carrington Mortgage Services. “We see a tremendous opportunity to provide a new lending alternative in the marketplace.”

Carrington’s expanded branch network enables it to offer quality loans through local lending relationships:

  • Experienced, licensed mortgage professionals delivering quality service
  • High-touch loan origination platform offering prompt, efficient loan processing and a consistent customer experience
  • Sophisticated quality assurance and compliance processes
  • Local retail network of 20 branches offering community-based lending
  • Licensed to lend in 35 states

Carrington’s scheduled local retail branch office openings include:

  • Atlanta, GA
  • Bensalem, PA
  • Brea, CA
  • Charlotte, NC
  • Corona, CA
  • Folsom, CA
  • Fort Myers, FL
               
  • Miami, FL
  • Miramar, FL
  • Murrieta, CA
  • San Jose, CA
  • Tampa, FL
  • West Palm Beach, FL

“Our focus on professional, quality service in a retail branch setting offers customers a personalized lending relationship based on experience and trust,” said Steve Patton, executive vice president of Mortgage Lending. “It is a successful formula that has attracted experienced loan officers, laying the groundwork for us to significantly expand to other markets in the months ahead.”

About Carrington Mortgage Services

Carrington Mortgage Services, LLC offers residential loans nationally, through a retail branch network. With an experienced retail sales force, pre-funding audit of all loans, and one hundred percent compliance call-recording, Carrington’s fully scalable lending platform is focused on producing quality loans. The company is licensed in 35 states. Carrington Mortgage Services, LLC is an equal housing opportunity lender.

To learn more about Carrington Mortgage Services, visit our website at www.carringtonhomeloans.com.

Carrington Mortgage Services is a part of the Carrington family of companies. Founded in 2003, the Carrington family of companies has evolved from a mortgage credit asset manager into vertically integrated asset management, mortgage and real estate companies. Together, the Carrington family of companies directs every aspect of the life cycle of single family residential assets - from investment and origination through asset management and disposition.

Forward Looking Statements: Certain statements in this press release constitute forward-looking statements regarding our expected expansion efforts into certain markets. Please be advised that these statements represent our current expectations and that actual expansion efforts may differ materially. Factors that could cause the actual number and location of branches to differ from those outlined in the press release include, without limitation: changes in national and local economic conditions; the hiring and retention of branch managers; and changes in the competitive dynamics of our existing and projected markets. We assume no obligation, and expressly disclaim any duty, to update these forward-looking statements.

Contacts

Carrington Mortgage Services, LLC
Chris Orlando, 866-289-4147
chris.orlando@carringtonmh.com

Release Summary

Carrington Mortgage Services, LLC announces the scheduled opening of 13 new branch offices in its retail mortgage lending network with the hiring of new branch managers.

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Contacts

Carrington Mortgage Services, LLC
Chris Orlando, 866-289-4147
chris.orlando@carringtonmh.com