Carrington Mortgage Services' ""Wholesale Lending Division"":http://carringtonwholesale.com/ has expanded its Purchase Promise Program to offer 15-day loan closings, the company announced.[IMAGE] [COLUMN_BREAK]
Through its new On Time Closing Promise, Carrington commits to be ready to close any qualifying loan with 15 business days of appraisal receipt--or the company will apply a $500 closing cost credit to the loan at the time of closing.
The newly launched program applies to the majority of the company's loan products and offers expanded guidelines for eligibility with fewer restrictions, providing consumers, brokers, and real estate partners a shorter, more predictable timeline to secure financing.
""In an increasingly service-oriented and purchase-focused lending environment, being able to close quickly or on the buyer's timeframe is a distinct competitive advantage among agents and brokers,"" said Ray Brousseau, EVP of Carrington's Mortgage Lending Division. ""Carrington's On Time Closing Promise--the next evolution of Carrington's service proposition--will allow mortgage brokers to provide a fast and predictable level of service with greater efficiency than any competitive program we're aware of.""