Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Carrington Mortgage Services Invests $3.17 Million To Expand Westfield, Indiana, Operations Hub

09/04/2014
Carrington Mortgage Services, a fully-integrated mortgage origination and servicing company, plans today to expand its operations center in Westfield, Indiana, creating up to 360 new high-wage jobs by 2019.

The Santa Ana, California-headquartered company, which is a subsidiary of Carrington Holding Company, LLC, will invest $3.17 million to renovate and equip a 77,000 square-foot facility in Westfield. The planned facility, which will be operational by the end of this year, will provide growth opportunities for the company’s origination 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,” said John Alkire, Executive Vice President of Carrington Mortgage. “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.”

Carrington Mortgage Services employs more than 1,000 associates across the country, including more than 180 employees in Indiana. The company is currently hiring customer service representatives, servicing specialists, sales and marketing professionals, and underwriters in Westfield.

“As a reputable mortgage company, Carrington Mortgage knows the importance of making sound investments,” said Governor Mike Pence. “Home to a balanced budget and triple-A credit rating, Indiana’s business environment is stable and strong. 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.”

The Indiana Economic Development Corporation offered Carrington Mortgage Services up to $3,650,000 in conditional tax credits based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Westfield is considering additional property tax abatement.

Exclusive Research