To complement its portfolio of loan origination channels, including wholesale and retail, non-bank mortgage lender Carrington Mortgage Services has launched a correspondent lending division.
“We have diligently built the correspondent division for success, and we’re now ready to hit the ground running,” says Ray Brousseau, president of Carrington Mortgage Services, in a statement. “We’re committed to delivering a high level of transparency and timeliness to the non-delegated correspondent lending process. We understand that it’s all about providing our originators with the ability for further growth and profitability.”
The company’s diverse product offering is designed to meet the needs of today’s non-delegated originators and includes conventional Fannie Mae and Freddie Mac products, FHA and VA products, and Carrington’s proprietary Flexible Advantage products which have been developed specifically to meet the needs of underserved borrowers.
“CMS has a proven track record of customer-centric service, combined with quick turn-times for underwriting and purchasing closed loans,” says Greg Austin, executive vice president of lending for Carrington Mortgage Services. “Our non-delegated channel is committed to helping correspondent lenders increase their business by delivering products that allow them to work with borrowers in the underserved and non-QM markets. We also provide exceptional support for borrowers after the sale, and currently service over $60 billion in loans.”
For more info on the new correspondent program, click here.