Carrington Mortgage Services Inducted Into Ellie Mae Hall of Fame for Mortgage Technology

CHICAGO, IL--(Marketwire - Oct 22, 2012) - CHICAGO FROM THE MORTGAGE BANKERS ASSOCIATION CONVENTION AND EXPO - The Mortgage Lending Division of Carrington Mortgage Services, LLC (Carrington) today announced that it has been inducted into the Ellie Mae® Hall of Fame for Mortgage Technology and was recognized for the "Best Adoption of Automation" at Ellie Mae's Encompass^® EXPERIENCE 2012 National User Summit held October 1^st through 3^rd in Las Vegas. The award, which recognizes Carrington's customization of Ellie Mae's DataTrac® mortgage management software, reflects the company's innovative use of technology and its commitment to continuously enhancing the way it does business.

Carrington's adaptation of the Ellie Mae solution for its wholesale and retail lending operations involved incorporating numerous business rules to originate compliant loans, producing a paperless system, and capitalizing on the solution's scalability to effectively match Carrington's strict business model. Factoring in Carrington's rules, checks and processes helped the company maintain its focus on producing compliant, non-defaulting loans that consistently perform well. Measureable successes resulting from this customization included improved turnaround times on retail and wholesale loans, as well as minimizing 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 Mortgage Services Executive Vice President 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."

About Carrington Mortgage Services - Mortgage Lending Division

Carrington Mortgage Services, LLC - Mortgage Lending Division is the residential wholesale and retail loan origination division of Carrington Holding Company. The company is licensed to originate loans in 41 states and the District of Columbia, with an experienced team focused on producing high quality loans and error-free transactions. Carrington's advanced technology platform and high-touch customer service provide superior loan origination experiences for retail and wholesale customers alike. Founded in 2007, Carrington Mortgage Services is based in Santa Ana, California and is an equal housing opportunity lender. To learn more about Carrington Mortgage Services, visit www.CarringtonHomeLoans.com.

Editor's Note: Ellie Mae®, Encompass®, and DataTrac® are registered trademarks or trademarks of Ellie Mae, Inc.