A California mortgage company has announced plans to expand its Indiana operations and add up to 360 jobs by 2019. Carrington Mortgage Services LLC says it will invest more than $3 million to renovate and equip a facility in the Hamilton County city. Westfield City Council President Jim Ake says the city's quality of life, business-friendly atmosphere and “young and vibrant population” helped attract the company. Carrington is already hiring for several positions and hopes to have its new facility up and running by the end of the year.

September 4, 2014

News Release

Westfield, Ind. — Carrington Mortgage Services, LLC, a fully-integrated mortgage origination and servicing company, announced plans today to expand its operations here, creating up to 360 new high-wage jobs by 2019.

The Santa Ana, California-headquartered company, which is a subsidiary of Carrington Holding Company, LLC, will invest $3.17 million to renovate and equip a 77,000 square-foot facility in Westfield. The planned facility, which will be operational by the end of this year, will provide growth opportunities for the company's origination and servicing departments.

“As a reputable mortgage company, Carrington Mortgage knows the importance of making sound investments,” said Governor Mike Pence. “Home to a balanced budget and triple-A credit rating, Indiana's business environment is stable and strong. We are excited that Carrington Mortgage recognizes our talented workforce and commitment to keeping taxes low and has chosen Indiana as a fixture in its long-term business plan.”

Carrington Mortgage Services employs more than 1,000 associates across the country, including more than 180 employees in Indiana. The company is currently hiring customer service representatives, servicing specialists, sales and marketing professionals, and underwriters in Westfield. Interested applicants may apply by visiting www.carringtonms.com.

“Indiana's cost competitive business environment and the strength of the Central Indiana workforce made Westfield an ideal location for Carrington to continue to grow,” said John Alkire, executive vice president of Carrington Mortgage. “We look forward to expanding our footprint in Indiana, and contributing to the local economy while extending our services and exceptional home financing products to our clients.”

Founded in 2007, Carrington Mortgage provides integrated full life cycle mortgage loan origination and servicing capabilities to support borrowers and investors. With multiple branches located throughout the country, the company has chosen to expand in Indiana to serve both residential and corporate customers. The company is actively involved in numerous community service initiatives, with an emphasis on veteran's service programs such as the Veterans Air Lift Command and the Gary Sinise Foundation.

The Indiana Economic Development Corporation offered Carrington Mortgage Services up to $3,650,000 in conditional tax credits based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Westfield is considering additional property tax abatement.

“It is with great enthusiasm that the city of Westfield welcomes Carrington Mortgage Services,” said Westfield Mayor Andy Cook. “Westfield continues to be a great place to live, work and play and expansions like this not only provide economic opportunities for our city, but job opportunities for our citizens. We look forward to the continued growth of Carrington Mortgage Services here in the years to come.”

About Carrington Mortgage Services – Mortgage Servicing Division

Carrington Mortgage Services, LLC (CMS) is a high touch servicer that provides reliable, cost-effective servicing for lenders, investors and large financial institutions. CMS creates value for borrowers and investors by preserving home ownership through programs that support borrowers and their ability to stay in their homes. Focusing on its key competencies and strong commitment to compliance, CMS delivers customized loan servicing solutions with exceptional customer care.

To read more about Carrington Mortgage Services, visit our website at www.carringtonms.com. Carrington Mortgage Services is an indirect subsidiary of Carrington Holding Company, LLC.

About Carrington Mortgage Services – Mortgage Lending Division

Carrington Mortgage Services, LLC (Carrington; NMLS ID 2600) is a residential retail and wholesale lending subsidiary of Carrington Holding Company, LLC. Founded in 2007, the company is based in Santa Ana, California and is an equal housing opportunity lender licensed to originate loans in 43 states, the District of Columbia and Puerto Rico 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 consumers, while its commitment to borrower education and use of its proprietary online loan review resource, MyLoanDetail, enhance the company's ability to responsibly extend credit to borrowers – especially those in the underserved market.

Carrington's wholesale lending products include FHA, VA and USDA loans. Carrington's retail lending products include FHA, conventional, jumbo, VA and USDA loans.

To learn more about Carrington's wholesale lending division and the company's current promotions, visit www.CarringtonWholesale.com or follow us on Facebook, Twitter or LinkedIn. To learn more about Carrington’s retail loan division, visit www.CarringtonHomeLoans.com or follow us on Facebook, Google+, or Twitter.

About IEDC

Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Source: Indiana Economic Development Corp.

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