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Carrington looks to attract brokers with new technology

California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team.

The attention to broker shops comes at a moment in the mortgage industry when the retail channel is losing origination volume, particularly refinance volume, due to higher rates.

“We put a lot of effort and energy into developing a program to help brokers grow. And we are hoping that with this program, we will be able to attract more brokers to work with us,” details ⇒

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