Carrington Mortgage Services, LLC (“Carrington”), Santa Ana, Calif., has announced the hiring of Brad Nease as senior vice president, capital markets. In this newly created position, Mr. Nease will lead the secondary marketing efforts for the company’s fast-growing loan origination business, and will be responsible for product development, investor relations, loan trading and warehouse lending.
Mr. Nease comes to Carrington from ICON Residential Lenders, where he was COO of capital markets. Prior to that, Mr. Nease was a partner for 12 years with the hedge advisory firm Mortgage Capital Management, and previously held executive management positions with IndyMac Bank, Impac Funding Corporation, and Cal Fed Bank.
“We’re pleased to add someone with Brad’s experience and expertise to our team,” said Steve Patton, Carrington’s executive vice president of mortgage lending. “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.”
Carrington Mortgage Services Mortgage Lending Division offers residential loans nationally, through retail and wholesale channels. The company is licensed in 37 states.