Real Estate Management and Development
Company Overview of Carrington Holding Company, LLC
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
Founded in 2003
Key Executives for Carrington Holding Company, LLC
Founder and Chief Executive Officer
Chief Real Estate Officer
Chief Investment Officer and Head of Asset and Risk Management
Compensation as of Fiscal Year 2015.
Carrington Holding Company, LLC Key Developments
Carrington Holding Company, LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 29 15
Carrington Holding Company, LLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Revenue for the first quarter 2015 was $71.4 million compared to $60.3 million for the same period a year ago. Loss from operations was $7.7 million against income from operations of $1.5 million last year. Loss before income taxes was $19.4 million against $15.4 million last year. The increase in revenue was primarily due to higher mortgage banking and servicing revenue. Cash flow from operating activities was $64.0 million against $23.1 million last year. Net cash used in operating activities, excluding Trust activity, was $72.1 million for the quarter ended March 31, 2015, as compared to net cash used in operating activities of $29.6 million in the same period in the prior year. The $42.5 million increase in cash used in operating activities, excluding Trust activity, during the three months ended March 31, 2015, was primarily due to an increased use of cash to fund higher volumes of mortgage loans, which were substantially funded through their related financing lines and reduced servicing advance volume. Net loss was $19.4 million against $15.4 million last year. Purchases of property, furniture and equipment were $1.5 million against $0.9 million last year.
Carrington Holding Company, LLC Announces Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014
Mar 31 15
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
Jan 13 15
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.
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