The mortgage lending division of ""Carrington Mortgage Services, LLC"":http://www.carringtonhomeloans.com/ (Carrington) was inducted into the ""Ellie Mae"":http://www.elliemae.com Hall of Fame for mortgage technology.[IMAGE]
Carrington was specifically recognized for the ""Best Adoption of Automation"" at Ellie Mae's Encompass EXPERIENCE 2012 National User Summit in Las Vegas due to the company's customization of Ellie Mae's ""DataTrac"":http://www.elliemae.com/solutions/datatrac/ mortgage management software.
Carrington's modification of Ellie Mae's software led to a paperless system and to the inclusion of numerous business rules to originate compliant loans.
By factoring in Carrington's rules, checks and processes, the company maintained its focus on producing compliant, non-defaulting loans.
The customization led to improved turnaround times on retail and wholesale loans and minimized instances of default and fraud among loans sold to investors.
""It is an honor to be recognized by Ellie Mae for our successful customization of their technology and for our drive to continuously improve upon the way we do business,"" said Carrington's executive VP Ray Brousseau. ""With technology playing such an integral role in how the lending industry operates, and because these tools are evolving at such a rapid pace, we are already working on further robust technological enhancements to be unveiled in 2013.""
Founded in 2007, Carrington Mortgage Services is based in Santa Ana, California and is licensed to originate loans in 41 states and the District of Columbia.