Carrington Mortgage Services has hired Brad Nease as senior vice president in capital markets. In this newly created position, Nease will lead the secondary marketing efforts for the firm’s loan origination business, and will be responsible for product development, investor relations, loan trading and warehouse lending.
Nease was previously from ICON Residential Lenders, where he was COO of capital markets. Before that, he was a partner for 12 years with the hedge advisory firm Mortgage Capital Management. The new hire formerly held executive management positions with IndyMac Bank, Impac Funding Corp., 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.”