Carrington Mortgage Services Receives Excellence in Origination Innovation - Automation Award From ICE Mortgage Technology

ANAHEIM, Calif.--(BUSINESS WIRE)--Apr 17, 2025--

Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide. As CMS continues to grow, company leadership challenged the CMS Mortgage Lending team to maximize efficiency and scalability by leveraging automation and technology. In its efforts to streamline the loan origination process, Lending identified opportunities to redefine the Encompass workflow and implement advanced automation solutions. During the past 12 months, these innovations have become a fundamental part of the CMS loan process, delivering impressive results. The company’s dedication to transforming loan processes recently was recognized by ICE Mortgage Technology awarding CMS with its 2025 Excellence in Origination Innovation - Automation award.

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“Carrington Mortgage Services’ commitment to automation and continuous innovation has positioned us as a leader in mortgage industry efficiency,” said Vikram Jaipuria, EVP, Mortgage Lending for CMS. “This award is welcome recognition for the work we are doing to better serve homeowners.”

By returning to Encompass, CMS has successfully digitized the entire loan lifecycle from application to closing – significantly reducing processing times and improving operational efficiencies. The company’s recent automation advancements include:

Diverse Solutions for Today’s Homebuyers

Now more than ever, homeowners and mortgage professionals are demanding what Carrington has brought to the mortgage marketplace from the very beginning: innovative loan products, leading-edge technology, operations transparency and dedicated training and support systems for loan originators.

In addition to Carrington’s comprehensive suite of non-QM offerings, FHA, VA, USDA and conforming Conventional products, the company also offers ProcessIQ SM, where approved CMS Wholesale brokers have the option of having Carrington process the loan as part of its underwriting. When enrolled brokers submit loans, they can request that the Carrington ProcessIQ team handle all non-licensable aspects of the processing, working directly with the borrower. In December 2022, CMS’ Second Lien program began providing a welcome source of liquidity to existing CMS servicing customers. In July 2023, CMS expanded its offerings to include 40-year loans and temporary buydowns. In early April 2024, CMS introduced ITIN loans through its retail, wholesale and correspondent lending channels. Then, in July 2024, CMS introduced Section 184 Loans for Native Americans for its retail lending customers. In March 2025, as part of its ongoing commitment to serve an important segment of the mortgage market, the CMS correspondent channel began concentrating exclusively on underwriting and purchasing non-qualified mortgage (non-QM) loans.

“As we further expand our automation initiatives, we will continue to leverage our industry expertise, commitment to homeowners and enviable technology to expand the boundaries of what we as a company can do for everyone who is looking for a home,” said Jaipuria.

The Carrington Companies

Carrington is a holding company whose primary businesses include asset management, mortgages and real estate transactions. Collectively, the businesses are fully integrated, and provide a broad range of real estate services encompassing nearly all aspects of single-family residential real estate transactions in the United States. To read more visit: www.carringtonhc.com.

Through its collective associates made up of Carrington leaders and employees, the company’s nonprofit organization, Carrington Charitable Foundation, contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org.

The Carrington team accepts the Excellence in Origination Innovation - Automation Award on behalf of CMS. Pictured from left are Eric Abbinante, Administrator, Loan Origination System for Carrington Mortgage Holdings (CMH); Tyra Rodriguez, Manager, MLD Business Applications for CMH; Joelle Mason, Senior Strategy Project Manager for CMH; Patrick Aleman, Senior Product Manager for CMH; Rebecca Wade, Director, Enterprise Program Manager for CMH; Ali Redjai, SVP, IT Solutions Management Office for CMH; and Azita Guzzo, SVP, Information Technology for CMH.

The White House has released President Donald Trump's schedule for Monday. He will hold a press conference with Health Secretary Robert F. Kennedy Jr. and then begin a weeklong trip to the Middle East. Trump will visit Saudi Arabia, Qatar and the United Arab Emirates, though his most pressing regional challenges concern two other countries: Israel and Iran.

Here's the Latest:

President Donald Trump says he will likely speak with China’s leader Xi Jinping “maybe at the end of the week.”

That’s after negotiators from the U.S. and China meeting in Switzerland this weekend agreed to reduce tariffs for 90 days of talks. The import taxes on China imposed by the U.S. would still remain higher than when Trump took office at 30%.

Trump told reporters on Monday that the reduced tariff rates didn’t include tariffs on autos, steel and aluminum as well as the potentially upcoming import taxes on pharmaceutical drugs.

Trump said he also spoke with Apple CEO Tim Cook on Monday and he expected the tech company to make additional commitments to invest in domestic production.

Trump said the talks would be great for “unification and peace.”

Trump says the countries ended hostilities for a lot of reasons “but trade is a big one.”

Speaking at the White House on Monday, the president said the U.S. is already negotiating a trade deal with India and will soon start negotiating with Pakistan.

India and Pakistan reached an understanding to stop all military actions on land, in the air and at the sea Saturday in a U.S.-brokered ceasefire to stop the escalating hostilities between the two nuclear-armed rivals that threatened regional peace.

Treasury Secretary Scott Bessent praised the progress made in in trade talks with Chinese officials over the weekend and said he expects another meeting in a few weeks.

U.S. and China announced a 90-day pause on tariffs after the weekend talks in Geneva.

“We had a plan, we had a process and now what we have with the Chinese is a mechanism to avoid an upward tariff pressure like we did last time,” Bessent said on CNBC.

White House deputy chief of staff Stephen Miller says the Trump administration is looking for ways to expand its legal power to deport migrants who are in the United States illegally.

To achieve that, he says the administration is “actively looking at” suspending habeas corpus, the constitutional right for people to legally challenge their detention by the government.

Such a move would be aimed at migrants as part of the Republican president’s broader crackdown at the U.S.-Mexico border.

“The Constitution is clear, and that of course is the supreme law of the land, that the privilege of the writ of habeas corpus can be suspended in a time of invasion,” Miller told reporters outside the White House on Friday.

“So, I would say that’s an option we’re actively looking at,” Miller said. “Look, a lot of it depends on whether the courts do the right thing or not.”

Trump’s plan to change the pricing model for some medications is already facing fierce criticism from the pharmaceutical industry before he’s even signed the executive order set for Monday that, if implemented, could lower the cost of some drugs.

Trump has promised that his plan — which is likely to tie the price of medications covered by Medicare and administered in a doctor’s office to the lowest price paid by other countries — will significantly lower drug costs.

But the nation’s leading pharmaceutical lobby on Sunday pushed back, calling it a “bad deal” for American patients. Drugmakers have long argued that any threats to their profits could impact the research they do to develop new drugs.

The White House has released President Donald Trump's schedule for Monday. Trump is scheduled to hold a press conference with Health Secretary Robert F. Kennedy Jr. at the White House at 9:30 a.m. Trump says he’ll sign an executive order that, if implemented, could bring down the costs of some medications — reviving a failed effort from his first term on an issue he’s talked up since even before becoming president.

Shortly after, Trump will begin his weeklong trip to the Middle East. Trump will visit Saudi Arabia, Qatar and the United Arab Emirates, though his most pressing regional challenges concern two other countries: Israel and Iran.

President Donald Trump is ready to accept a luxury Boeing 747-8 jumbo jet as a gift from the ruling family of Qatar during his trip to the Middle East this coming week, and U.S. officials say it could be converted into a potential presidential aircraft.

The Qatari government said a final decision hadn’t been made. Still, Trump defended the idea — what would amount to a president accepting an astonishingly valuable gift from a foreign government — as a fiscally smart move for the country.

FILE - President Donald Trump speaks with reporters as he signs executive orders in the Oval Office at the White House, Feb. 10, 2025, in Washington. (AP Photo/Alex Brandon, file)