The wholesale lending division of Carrington Mortgage Services has launched a new broker-marketing portal available exclusively to Carrington approved brokers as a value-added service.
Through the new portal, approved brokers can market themselves to new and existing customers with professional, targeted materials covering the loan products most needed in their respective markets, regardless of whether Carrington offers those products.
Brokers can access, customize, order and purchase marketing materials covering a wide variety of loan types, including Federal Housing Administration (FHA) purchase and refinance, Veterans Affairs (VA) purchase and refinance, U.S. Department of Agriculture (USDA), jumbo, conventional, low down payment, co-op and programs focused on the needs of first-time homebuyers.
‘Carrington's broker network plays a significant role in our overall business strategy, and so we take the partnership we have with our brokers very seriously,’ says Ray Brousseau, executive vice president of Carrington Mortgage Services' mortgage lending division, in a release. ‘By providing our brokers with access to effective tools to support their customers and grow their respective businesses, Carrington is able to further extend its reach to meet the unique needs of prospective borrowers – particularly those in the underserved market.’
Carrington announced in March that it was committed to meeting the needs of the underserved market and as such was dropping its FICO requirement for certain approved borrowers to as low as 550. In addition, the company has expanded its guidelines on a number of FHA, VA and USDA loan programs, extending eligibility to more property types and reducing overlays.
For more, click here.
