The wholesale lending division of Carrington Mortgage Services is expanding its offerings to include banks and credit unions as approved third-party originators.
Approved banks and credit unions can now partner with Carrington to provide their customers with access to a wide portfolio of loan programs designed to extend the borrowing potential of consumers.
The program also serves as a risk-mitigation method for financial institutions by allowing them to act as third-party originators.
"Now more consumers can access Carrington’s extensive lending and servicing capabilities through their neighborhood banks and credit unions," said Ray Brousseau, executive vice president of Carrington Mortgage Services mortgage lending division.
"We believe that these institutions will grow to appreciate what makes Carrington an ideal wholesale lending partner for third-party originators – breadth of product, competitive pricing and unmatched commitment to help our partners succeed," he added.