Moving forward in its efforts to expand lending options for non-prime borrowers, Carrington Mortgage Services, LLC announced the appointment of a new national sales director hired to focus on what the company says is an underserved market.
Joining Carrington from his prior position at CitiFinancial, Chad Ruggles will work to direct the firm’s retail sales operation, focusing on growing its geographic footprint and providing a wide range of offerings to meet market demands, especially among those borrowers in the sub-640 FICO score range.
Ruggles has nearly two decades of management experience in financial services. In his last role at CitiFinancial, he worked as SVP of incentives and branch optimization, leading a group of managers and senior analysts to design and implement incentive programs for all of the company’s North American businesses. Previous positions in his 14-year span at CitiFinancial include area director, regional manager, and group manager.
Ray Brousseau, EVP of Carrington Mortgage Services, said Ruggles’ appointment affirms the company’s commitment to increasing capacity and expanding offerings for customers who need it the most while still maintaining high standards for loan quality.
“Chad’s industry experience and impressive track record of leading disciplined teams to successfully execute against aggressive business plans will be instrumental as Carrington grows its branch network to support more borrowers across the U.S.—particularly those in the underserved market,” Brousseau said.