SOURCE: Carrington Mortgage Services

Carrington Mortgage Services

August 30, 2012 09:00 ET

Carrington Mortgage Services Hires Lynn Halstead as Vice President for Wholesale Lending

Addition of Seasoned Mortgage Industry Executive to Drive Growth of Lending Business

SANTA ANA, CA--(Marketwire - Aug 30, 2012) - Carrington Mortgage Services (Carrington) today announced the addition of Lynn Halstead as vice president of wholesale operations to its Mortgage Lending Division senior management team. Lynn joins Carrington to drive its wholesale lending channel. 

"Lynn is exactly the kind of experienced, well-rounded executive we wanted to help grow our wholesale lending operation," noted Ray Brousseau, executive vice president, Carrington Mortgage Services. "Her experience covers virtually every aspect of the business -- loan production, client services, lending operations, risk management and secondary marketing -- and she excels in talent development, performance management and operational effectiveness."

Lynn brings more than 25 years of mortgage banking and real estate lending experience to Carrington. She started her career at the Household International family of companies where she managed originations and operations in the U.S. and abroad. She also managed both regional and national retail branch networks, loan servicing platforms and the wholesale correspondent lending channel. At AMRESCO Residential Mortgage as senior vice president and chief lending officer, Lynn had responsibility for wholesale and retail branch production and underwriting operations. She was also a senior vice president of national lending at Option One Mortgage, where she grew annual production to $7 billion through strategic alliances with banks and other large institutional clients.

"I am excited to join Carrington Mortgage Services, and am looking forward to working with the team to build a best-in-class origination platform," Lynn commented. "The combination of the company's entrepreneurial culture with highly engaged leaders and talented associates, made the decision to join Carrington very attractive."

About Carrington Mortgage Services - Mortgage Lending Division

Carrington Mortgage Services, LLC - Mortgage Lending Division is the residential wholesale and retail loan origination division of Carrington Holding Company. The company originates loans in 40 states and the District of Columbia, with an experienced team focused on producing high quality loans and error-free transactions. Carrington's advanced technology platform and high-touch customer service provide superior loan origination experiences for retail and wholesale customers alike. Founded in 2007, Carrington Mortgage Services is based in Santa Ana, California and is an equal housing opportunity lender. To learn more about Carrington Mortgage Services, visit www.CarringtonHomeLoans.com.

About Carrington Holding Company

Carrington Holding Company owns and operates multiple businesses that cover virtually every aspect of single family residential real estate transactions -- investments in U.S. real estate and mortgage markets, loan origination and servicing, asset management and property preservation, real estate sales and rental, and title and escrow services.

With more than three decades of experience and guided by a consistent philosophy, Carrington has built the infrastructure necessary to maximize value during any market cycle. Its affiliate companies include Carrington Capital Management, LLC, Carrington Mortgage Services, LLC, Carrington Property Services, LLC, Atlantic & Pacific Real Estate, LLC, White Van Real Estate Services, L.P., Telsi Escrow, Inc., and Telsi Real Estate Solutions, LLC. Carrington Mortgage Services, LLC is an equal housing opportunity lender. To learn more about Carrington Holding Company, visit our website at www.carringtonhc.com

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