Yesterday, Carteret Mortgage out of Virginia announced it will be closing shop..  as CEO Eric Weinstein emailed his employees to “..seek other employment immediately..”. 
You can read full details here.

Carteret is based out of Virginia and operates in 45 states with about 800 employees.  Carteret was always a shop that paid high commissions and the Loan Officers processed just about the entire loan from start to finish.  These loan officers were individually licensed shops.  The Carteret employees I’ve known were one man shops operating from their home.  They paid all their own overhead and licensing.  They were legitimate businesses within the Carteret corporate structure.  Carteret LO’s were also compensated for bringing more loan officers to join Carteret.

If you are a soon-to-be former Carteret Loan Officer who wants to continue a full-time career originating mortgages, Choice Finance® would like to talk with you. 

Read more about our Loan Officer employment position, and contact us for an interview.