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April 25, 2015 2:59 AM ET

Real Estate Management and Development

Company Overview of Carrington Holding Company, LLC

Company Overview

Carrington Holding Company, LLC, through its subsidiaries, provides services in the areas of single family residential real estate transactions and investments in the United States. It engages in offering real estate and mortgage markets related asset management services; mortgage servicing and lending; and real estate services. The company also provides real estate brokerage services in the areas of buying/selling homes, retail sales, investment, rentals, distressed property sales, and short sales; and escrow, and title and settlement services. In addition, it offers property services, including property-specific customized solutions; and home solutions that include property preservation, m...

599 West Putnam Avenue

Seven Greenwich Office Park

Greenwich, CT 06830

United States

Founded in 2003

4,100 Employees

Phone:

949-517-7100

Key Executives for Carrington Holding Company, LLC

Founder and Chief Executive Officer
Chief Operating Officer
Chief Real Estate Officer
Age: 58
Chief Investment Officer and Head of Asset and Risk Management
Compensation as of Fiscal Year 2014.

Carrington Holding Company, LLC Key Developments

Carrington Holding Company, LLC Announces Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014

Carrington Holding Company, LLC announced audited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported total revenues of $278,744,611 compared to $200,472,968 a year ago. Loss from operations was $3,936,012 compared to $27,274,896 a year ago. Net loss before income taxes was $5,660,917 compared to net income before income taxes of $119,581,019 a year ago. Net loss was $5,670,196 compared to net income of $119,540,849 a year ago. Net cash used in operating activities was $6,801,525 compared to $15,322,649 a year ago. Purchases of property, furniture and equipment were $9,423,824 compared to $5,897,204 a year ago.

Carrington Holding Company, LLC Appoints Rudy Orman as Managing Director of Business Development for Carrington Mortgage Holdings

Carrington Holding Company, LLC announced it has named Rudy Orman managing director of business development for Carrington Mortgage Holdings. In this position, Orman will serve as the new intuitionalbusiness liaison for company's real estate and mortgage divisions. With over 29 years of industry experience, Orman possesses a rich history of managing business growth and developing key relationships within the housing sector. Prior to joining the company, Orman served as senior vice president and director of marketing and business development at RCS. Orman was also vice president of business development for Marathon Asset Management LLC, and for the GSAMP mortgage conduit of Goldman Sachs.

Carrington Holding Company, LLC Reports Unaudited Consolidated Financial Results for the Nine Months Ended September 30, 2014

Carrington Holding Company, LLC reported unaudited consolidated financial results for the nine months ended September 30, 2014. Total revenue was $210,549,321 compared to $147,280,852 a year ago. Income from operations was $8,881,864 compared to loss of $18,514,319 a year ago. Net loss before income taxes was $13,001,781 compared to loss of $26,283,033 a year ago. Net loss was $13,018,606 compared to loss of $26,310,619 a year ago. Net cash provided by operating activities was $13,807,386 compared to net cash used in operating activities of $14,313,581 a year ago. Purchase of property, furniture and equipment was $7,417,310 compared to $5,880,673 a year ago. The increase in revenue was primarily due to higher mortgage originations, asset management fees, real estate service fees, and servicing fees. The increase in Interest income was due to a rise in the average balance of loans held for sale, as a result of higher loan originations from MLD segment.

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