ANAHEIM, Calif.--(BUSINESS WIRE)--Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide. To further cement its position as a leader in the non-QM lending space, Samuel Bjelac has returned to CMS to lead the third-party origination Lending teams.
Bjelac, who previously served as Divisional Vice President of the Carrington Mortgage Services Wholesale Lending team, has rejoined CMS as SVP, National Sales, TPO (third-party origination). Prior to his return to CMS, Samuel honed his non-QM expertise as EVP of National Sales at Sprout Mortgage, while also leading the third-party origination teams at CoreVest Finance and LendingOne; and he returns with extensive experience in non-agency lending. That experience will immediately be utilized to build on CMS’ existing non-QM foundation to expand its footprint and grow the company’s non-QM business, a critical part of ongoing Lending business strategy.
“Samuel brings more than 20 years of mortgage experience to Carrington,” said Greg Austin, EVP, Lending for CMS. “Combining a deep understanding of the non-QM business, along with his sales leadership experience, I am very excited about the future of Wholesale and Correspondent at CMS.”
Bjelac will report to Austin, and his primary areas of responsibility include aligning the Wholesale and Correspondent Sales organizations with Carrington’s overall objectives. He will provide daily leadership to Wholesale and Correspondent Sales leaders as they engage with brokers from initial contact through all phases of the loan origination process.
“I am blessed and humbled at the opportunity to come back to a company I called home for so many years; and I’m thrilled to continue building, growing and serving a high-performance sales team that can excel in any market,” said Sam. “Our incredible loan programs, advanced technology and enviable operations teams are solidly committed to providing unwavering support to our mortgage industry partners.”
Without question, mortgage professionals are demanding, now more than ever, what Carrington has brought to the mortgage marketplace from the very beginning: innovative loan products, leading-edge technology, operations transparency and dedicated training and support systems for loan originators. And as an asset manager, with its liquidity and enviable access to capital, Carrington is able to provide mortgage brokers with diverse financing options for their self-employed, high-net-worth and real estate investor customers. Over time, CMS expects to increase emphasis and add resources to grow the non-QM business, ensuring it always provides peerless support for the third-party originators who bring their business to Carrington.
According to Bjelac, amazing opportunities lie ahead for Wholesale and Correspondent Lending. One of CMS’ strengths, when it comes to Wholesale and Correspondent, is that the company puts the loan originator at the center of everything it does. Carrington is in a unique position to leverage its capital partner relationships and professional services to create winning solutions for mortgage brokers and their customers.
Diverse Solutions for Today’s Homebuyers
In addition to Carrington’s non-QM offerings, FHA, VA, USDA and conforming Conventional products, the company’s products include ProcessIQSM, where approved CMS Wholesale brokers have the option of having Carrington process the loan as part of its underwriting. When enrolled brokers submit loans, they can request that the Carrington ProcessIQ team handle all of the logistics and work directly with the borrower. In June 2022, CMS’ Second Lien program began providing a welcome source of liquidity to existing CMS servicing customers who have seen an increase in the value of their homes, and who now face a rising-interest-rate market in which they may not see a benefit accessing their home equity by replacing a low first-lien rate to obtain a cash out refinance.
“Sam’s return to Carrington comes at just the right time,” said Greg Austin, EVP, Lending for CMS. “His non-QM expertise is well established throughout our industry; and I’m extremely excited to bring him back home to lead our Third-Party Origination team.”
The Carrington Companies
Carrington is a holding company whose primary businesses include asset management, mortgages and real estate transactions. Collectively, the businesses are vertically and horizontally integrated, and provide a broad range of real estate services encompassing nearly all aspects of single family residential real estate transactions in the United States. To read more visit: www.carringtonhc.com.
Through its collective associates made up of Carrington leaders and employees, the company’s nonprofit organization, Carrington Charitable Foundation, contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org.
