Carrington Mortgage Services will invest $3.17 million to renovate and equip a 77,000-square-foot facility in Westfield, Ind. The facility, due to be operational by the end of the year, will provide growth opportunities for the company’s origination
“As a reputable mortgage company, Carrington Mortgage knows the importance of making sound investments,” Indiana Gov. Mike Pence said. “We are excited that Carrington Mortgage recognizes our talented workforce and commitment to keeping taxes low and has chosen Indiana as a fixture in its long-term business plan.”
Carrington Mortgage Services employs more than 1,000 associates across the country, including more than 180 employees in Indiana. The company is hiring customer service representatives, servicing specialists, sales and marketing professionals, and underwriters in Westfield and servicing departments.
“Indiana’s cost-competitive business environment and the strength of the central Indiana workforce made Westfield an ideal location for Carrington to continue to grow,” Executive Vice President John Alkire said. “We look forward to expanding our footprint in Indiana, and contributing to the local economy while extending our services and exceptional home financing products to our clients.”
Founded in 2007, Carrington Mortgage provides integrated full life cycle mortgage loan origination and servicing capabilities to support borrowers and investors. With branches throughout the country, the company has chosen to expand in Indiana to serve both residential and corporate customers. The company is actively involved in numerous community service initiatives, with an emphasis on veteran’s service programs such as the Veterans Air Lift Command and the Gary Sinise Foundation.
The Indiana Economic Development Corp. offered Carrington Mortgage Services up to $3.7 million in conditional tax credits based on the company’s job creation plans. These incentives are performance-based, meaning until Indiana residents are hired, the company is not eligible to claim incentives. The city of Westfield is considering additional property tax abatement.
“It is with great enthusiasm that the city of Westfield welcomes Carrington Mortgage Services,” Westfield Mayor Andy Cook said. “Westfield continues to be a great place to live, work and play, and expansions like this not only provide economic opportunities for our city, but job opportunities for our citizens. We look forward to the continued growth of Carrington Mortgage Services here in the years to come.”