New Leadership Role, New Hire for Carrington

Adding a new leadership position to the company's capital markets division, ""Carrington Mortgage Services, LLC"":www.carringtonms.com/, is set to boost its secondary marketing strategy.

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The mortgage lender has announced the hiring of Brad Nease as Carrington's choice to fill its recently created role of senior vice presidents for capital markets.

Nease will fulfill the duties encompassed by Carrington's new senior vice presidency including assuming responsibility for product development, investor relations, loan trading, and warehouse lending. Additionally, Nease will head up all efforts related to Carrington's secondary marketing.

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Joining Carrington from ""ICON Residential Lenders"":www.iconwholesale.com/, Nease has extensive experience in advisory and executive management roles. While serving ICON, Nease acted as the company's chief operating officer for capital markets, and prior to taking on his COO role with ICON, Nease was a partner for ""Mortgage Capital Management"":www.mortcap.com/.

Nease boasts 12 years with Mortgage Capital Management, as well as previous stints with companies such as ""IndyMac Bank"":https://www.indymacmortgageservices.com/, ""Impac Funding Corporation"":www.impaccompanies.com/, and ""California Federal Bank"":en.wikipedia.org/wiki/California_Federal_Bank. With more than 28 years in mortgage-related industries, Nease has earned his standing as a market veteran.

Commenting on Nease's appointment, Carrington's executive vice president of mortgage lending, Steve Patton, said, ""We're pleased to add someone with Brad's experience and expertise to our team. These are clearly challenging times in the secondary market, and having someone with Brad's track record and skills will help us manage these challenges and position our company for continued success.""

Santa Ana, California-based Carrington utilizes retail and wholesale channels to offer residential loans via the company's ""mortgage lending division"":www.carringtonhomeloans.com/. The entity is known for its technology lending platform, customer service, and experienced sales staff.