Carteret Mortgage

In 2000, Organization magazine ranked Carteret Mortgage 18th largest mortgage broker, with $500 million in loans. The company operates in forty states, with over 2000 loan officers. Carteret was founded by Eric Weinstein in his home in 1991, and has since grown with his philosophy of treating everyone fairly; employees and borrowers. The company was chartered in 1995 as a licensed mortgage brokerage. They specialize in serving borrowers with credit problems, and search to find the best possible loan for everyone.

Loans offered by Carteret Mortgage

  • First mortgages
  • Refinance programs
  • Home equity loans
  • Jumbo loans
  • Single family and multi-unit loans
  • Mixed use buildings
  • Reverse mortgages
  • Construction-to-permanent loans
  • Lot loans, for future building
  • Remodel loans
  • Bridge financing
  • Speculative builder loans
  • Commercial loans

Carteret Mortgage is pursuing relationships with small credit unions, to fill a niche left by larger lenders. The small credit unions don’t have the resources to generate and service loans that Carteret can offer.

Carteret plans to use the services of Nationwide as their primary lender, which will enable the credit unions to initiate the loans, and then sell them to Fannie Mae. Credit union members will be interacting with those whom they know at the credit union, and the loan officer will be able to approve immediately through the Nationwide platform.

Community service is part of the philosophy behind Carteret. They sponsor Boys and Girls clubs in several locations, donate locally to shelters and services for homeless, education programs, and medical research. Carteret strives to treat all like family; employees, clients, community members.

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