July 14, 2014 10:59 AM ET

Real Estate Management and Development

Company Overview of Carrington Holding Company, LLC

Company Overview

Carrington Holding Company, LLC, through its subsidiaries, offers real estate mortgage, maintenance, management, and sale services. It also operates as an asset manager and a broker. Carrington Holding Company, LLC was incorporated in 2007 and is based in Greenwich, Connecticut.

599 West Putnam Avenue

Seven Greenwich Office Park

Greenwich, CT 06830

United States

Founded in 2007

2,933 Employees



Key Executives for Carrington Holding Company, LLC

Founder and Chief Executive Officer
Chief Operating Officer
Chief Real Estate Officer
Age: 58
Executive Vice President
Age: 55
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 Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Carrington Holding Company, LLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $60,260,791 compared to $49,410,724 a year ago. The increase was primarily due to higher mortgage servicing fees, real estate service fees, mortgage originations and asset management fees. Income from operations was $1,458,704 compared to loss from operations of $2,036,913 a year ago. Net loss before income taxes was $15,415,581 compared to loss from operations of $5,762,107 a year ago. Net loss was $15,415,581 compared to loss from operations of $5,765,007 a year ago. Net cash used in operating activities was $23,145,787 compared to net cash provided by operating activities of $15,081,702 a year ago primarily due to $60.6 million used to originate mortgage loans and a $9.3 million decrease in collections of servicing advances, which was partially offset by a $16.6 million increase in servicing obligations. Purchases of property, furniture and equipment were $903,760 compared to $1,984,589 a year ago.

Carrington Holding Company, LLC Announces Expansion Plans into Scotland

Carrington Holding Company, LLC announced its entry into the United Kingdom (UK) with the purchase of residential mortgage brokerage firm Clear Financial Solutions Lt. The company said it will rebrand and operate the company under the name Carrington Mortgage UK Ltd. The firm said it plans to capitalise on its proven competencies in the mortgage lending business and leverage the existing infrastructure of CFSL to build a presence in many of Scotland's larger metropolitan areas. In the immediate future, the expansion plan for Carrington Mortgage UK calls for adding additional offices in Scotland and establishing a centralized operations center that will support lead generation and mortgage processing.

Carrington Holding Company, LLC Presents at IMN's The 19th Annual ABS East 2013, Oct-06-2013 01:30 PM

Carrington Holding Company, LLC Presents at IMN's The 19th Annual ABS East 2013, Oct-06-2013 01:30 PM. Venue: The Fontainebleau, Miami Beach, Florida, United States. Speakers: Andrea Mandell, Executive Vice President, Tax Director.

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March 3, 2014
Carrington Mortgage UK Limited

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