Carrington Mortgage Services Hires Steven Winokur to Continue Its Commitment to Non-QM
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 part of its ongoing commitment to expand its non-QM expertise, and provide non-agency loans to homeowners, brokers and sellers, the company recently hired Steven Winokur to serve as VP, Marketing, Third-Party Origination.
"Non-QM is an important part of Carrington's commitment to potential homeowners with non-traditional kinds of income," said Greg Austin, EVP, Lending for CMS. "During his career, Steven Winokur has demonstrated a unique understanding of non-QM, and we are proud to add his expertise to CMS, allowing us to better serve American homeowners."
While serving as Chief Marketing Officer for Angel Oak Lending, Winokur established a reputation as a non-QM virtuoso; and now he is putting that extensive knowledge of all things non-QM to work for CMS. Winokur's significant expertise in marketing strategy, brand development, marketing communications and digital marketing is expected to quickly build on existing marketplace momentum for Carrington's diverse non-QM offerings.
"Non-QM loans are a vital part of the loan mix for Carrington's customers," said Winokur. "We have a responsibility to make loans that are based on bank statements, and other non-W-2-related financial documents, available to ensure all Americans have an equal opportunity to achieve their dream of homeownership, or purchase investment properties to secure their financial future."
As a solutions-based wholesale and correspondent lender, with an industry-wide reputation as a skilled asset manager, and with enviable manual underwriting abilities, CMS is in a unique position to manage credit and provide liquidity for its non-QM program. Educating brokers and sellers on the many benefits of non-QM availability has been a key part of CMS' outreach for some time. Winokur is expected to concentrate in part on increasing the company's emphasis on diverse forms of non-QM education resources, to make sure brokers and sellers ? some of whom may be more familiar with FHA, VA and Conventional loan products ? have all the knowledge they need to effectively utilize non-QM for their customers.
Diverse Solutions for Today's Homebuyers
Without question, homeowners and mortgage professionals are demanding, now more than ever, 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?, 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 March 2024, CMS introduced a Closed-End Fixed-Rate Second Lien product for its wholesale and correspondent lending customers. In early April 2024, CMS introduced ITIN loans through its retail, wholesale and correspondent lending channels.
"Steven Winokur has a reputation for driving revenue and market share growth with a unique combination of aligning brand development, strategic communications and tactical execution," said Samuel Bjelac, who recently rejoined CMS as SVP, National Sales, Third-Party Origination. "The addition of his expertise to our combination of loan programs, leading-edge technology and imminently capable operations teams demonstrate that CMS is more committed than ever to providing steadfast non-QM support to our mortgage industry partners."
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.
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