Carrington Mortgage’s Wholesale Mortgage Lending Division has added conventional loans, giving the company’s broker customers, agent partners and clients more choices to deliver to their customers.
“Together with our government product line and expertise, Carrington is the go-to lender for both government and conventional lending, ensuring we’re able to provide loan choices across the entire market to enable brokers to serve a more diverse range of customers in bringing their loans home,” says Ray Brousseau, executive vice president of Carrington Mortgage’s Wholesale Mortgage Lending Division, in a release.
The new conventional products include conforming fixed-rate loans (purchase/refinance available); conforming, high balance loans (higher loan amounts, purchase/refinance); Freddie Mac Open Access (refinance) loans; DU Refi Plus (refinance) loans; lender paid mortgage insurance; and Texas home equity loans.
“With the addition of our wholesale lending conventional loan products, Carrington can now offer even more purchase loan options for borrowers with great credit, first-time home buyers, those needing a low down payment, and the underserved,” says Patrick Flanagan, executive vice president of Carrington Mortgage’s Wholesale Mortgage Lending Division. “Combined with our great service and fast turn times, that makes it possible for us to better serve brokers and consumers – putting more people, and more families, in the home they want.”