To facilitate its growth, Carrington Mortgage Services is expanding its operations in central Indiana, bringing up to 360 new jobs to the area by 2019.
Specifically, Carrington will invest $3.17 million to renovate and equip a 77,000 square-foot facility in Westfield, Ind. The revamped facility will be operational by the end of this year, the company says in a press release.
In expanding, the company is taking advantage of tax incentives of up to $3.65 million made available through the Indiana Economic Development Corp. These incentives are performance-based, meaning they won't be offered unless the company meets certain hiring goals.
The City of Westfield is also considering additional property tax abatement, Carrington reports.
‘As a reputable mortgage company, Carrington Mortgage knows the importance of making sound investments,’ says Indiana Gov. Mike Pence. ‘Home to a balanced budget and triple-A credit rating, Indiana's business environment is stable and strong. We are excited that Carrington Mortgage recognizes our talented workforce and commitment to keeping taxes low and has chosen Indiana as a fixture in its long-term business plan.’
Carrington Mortgage Services currently has more than 180 employees in Indiana. The company is currently hiring underwriters, customer service representatives, servicing specialists, and sales and marketing professionals for the new location.
John Alkire, executive vice president of Carrington Mortgage, says central Indiana is an ideal location for its servicing operations, as it offers a ‘cost-competitive business environment’ as well as a strong workforce.