Carrington Mortgage Services is increasing its wholesale lending division by adding 14 new sales employees.

The expansion is in line with the company's plan to bolster its wholesale lending business nationwide.

Earlier this year, Carrington launched a 30-day loan closing program and a Federal Housing Administration Streamline Ready to Close Program, both aimed at helping brokers and realtor partners, the company said.

Additionally, the wholesale lending division is set to start offering FHA 203k loans in late April.

"Carrington has worked diligently to refine its operational processes over the past year, enabling us and the brokers we partner with to offer an extended product portfolio backed by exceptional service," said Ray Brousseau, executive vice president of Carrington Mortgage Services, Mortgage Lending Division. 

He continued, "We have significantly grown our sales staff in order to more effectively share the benefits of these advancements with a larger base of brokers, realtors and borrowers, and to support the growing demand for quality loans and flexible, expeditiousclosings across these groups."