BRIEF HISTORY OF CARTERET
Mortgage Corporation was originally incorporated in Virginia on August 21,
1991 as WEINCO, Inc. , a family-run company 100% owned by Eric Weinstein.
It lay dormant until September 1995 when it changed its name to CARTERET
Mortgage Corporation and applied for a Virginia Mortgage Brokers license.
The State of Virginia requires an exhaustive credit, financial, work
experience and personal reference check of all corporate officers before
approving a Virginia Mortgage Broker license. On October 31, 1995, the
corporation received its license and opened for business as a Virginia
mortgage broker. Its other state licenses soon followed. As of fiscal year
end 2002, CARTERET Mortgage Corporation operated business in all 50
states, including Washington, D.C.,
with over 2000 loan officers generating billions
in loans per year, and growing.
Carteret Mortgage is not a subsidiary of any other company nor is a parent
to any other company. Its President, Eric Weinstein, has a strong
financial background with a B.S. Degree from Florida State University
(1980) and an MBA in Finance from Florida International University (1985).
He has many years experience in originating, processing and closing
residential mortgages and a large realtor following. Previous work
experience encompasses 12 years of Commercial credit and lending
MORTGAGE CORPORATION was founded based upon the dual concepts of
well-trained, well-paid human resources and the strategic advantage
computerization will change the mortgage industry over the next 5 years.
Processors are replaced with computers and experienced loan officers
willing do a little extra work for a higher commission base. By keeping
corporate overhead extremely low, CARTERET offers better pay to loan
officers, increased job longevity and job satisfaction while also
providing better rates through thinner broker margins for our clientele.
Reduced overhead provides a better quality of life for the employees and
increases productivity. All employees are paid under W-2 wages and
Carteret Mortgage Corporation remains responsible for their actions. Due
to the high level of knowledge, experience and strict recruiting
standards, loan officers are extremely trustworthy.