Carrington Mortgage names Nease SVP of capital markets
Carrington Mortgage Services LLC hired Brad Nease as senior vice president of capital markets, a new position in which he will lead the company's efforts to expand its loan origination business. Nease will spearhead product development, investor relations, loan trading and warehouse lending. The lending and servicing firm announced plans in August to expand its mortgage origination business to include wholesale origination. Carrington announced its expansion in the origination space after acquiring the assets of American Home Equity Corp. Nease previously served ICON Residential Lenders as chief operating officer of capital markets and was a partner at hedge fund advisory firm Mortgage Capital Management for 12 years. "We’re pleased to add someone with Brad’s experience and expertise to our team," said Steve Patton, Carrington’s executive vice president of mortgage lending. "These are clearly challenging times in the secondary market and having someone with Brad’s track record and skills will help us manage these challenges and position our company for continued success." Write to Kerri Panchuk.