Carrington Mortgage Services announced that Chad Ruggles has been hired as National Sales Director. Utilizing Ruggles' experience, Carrington's retail sales operation will focus on growth.
Specifically, the company will focus on meeting market demands of the nation's sizable population of "underserved borrowers," which are described by the company as borrowers in the sub-640 range.
"Carrington remains sharply focused on increasing capacity, expanding our offerings in a compliant manner while maintaining our high standards for loan quality and widening our reach to effectively serve those consumers who most need the specific expertise we can provide," said Ray Brousseau, EVP of Carrington Mortgage Services mortgage lending division.
"These commitments require the strength in leadership demonstrated by Chad Ruggles. Chad's industry experience and impressive track record of leading disciplined teams to successfully execute against aggressive business plans will be instrumental as Carrington grows its branch network to support more borrowers across the U.S.—particularly those in the underserved market," Brousseau added.
Ruggles has nearly two decades of management experience in the financial services industry. Ruggles spent 14 years in senior management positions with CitiFinancial, where he was most recently SVP of Incentives and Branch Optimization for CitiFinancial/OneMain Financial.
He holds a bachelor's degree in psychology from Montana State University and a certification in executive management from UNC Kenan-Flagler Business School.