ANAHEIM, Calif.--(BUSINESS WIRE)--For more than 20 years, The Carrington Companies have been proud to provide diverse products and services to homeowners and investors across nearly all aspects of single-family residential real estate transactions in the United States. In recognition of his extensive responsibilities for all areas of company business, Andrew Taffet, Chief Investment Officer, has assumed the additional role of Chief Executive Officer for The Carrington Companies, succeeding company Founder Bruce Rose. Mr. Rose will assume the role of Chairman of the Executive Committee of The Carrington Companies.
“This is not a dramatic handoff by any means, but rather a natural next step for our business,” said Bruce Rose, Founder of The Carrington Companies. “In addition to his duties as Chief Investment Officer, Andrew has been handling the day-to-day operations and oversight of our company for some time. The Carrington Companies will continue to operate as they have for the past 20-plus years. Our effectively self-hedged business strategy positions us for continued success, as we have demonstrated even during the most challenging market cycles.”
Carrington is a holding company whose primary business includes single-family mortgage asset management, enhanced by mortgage origination, servicing and real estate sales and settlement services. Collectively, the businesses are integrated to provide a broad range of real estate services encompassing nearly all aspects of single-family residential real estate transactions in the United States. To read more visit carringtonhc.com.
“Together with the executive committee, we have achieved great success during the past 20 years,” said Taffet. “I am truly honored to assume the role of Chief Executive Officer and continue to work with such a talented team to build upon our achievements to date. Bruce provided me with an opportunity to start my career with Carrington two decades ago, and it has been a privilege to contribute to the growth of our platform. I am deeply grateful for his visionary leadership and all he has taught us during this time. I look forward to carrying this vision into the future, continuing to lead Carrington’s development and leveraging our collective experience to drive success.”
Diverse Solutions for Today’s Homebuyers
In addition to Carrington’s comprehensive suite of non-QM loan offerings, FHA, VA, USDA and conforming Conventional products, the company continues to innovate: In December 2022, Carrington Mortgage Services (CMS) Second Lien program began providing a welcome source of liquidity to existing CMS servicing customers. In July 2023, Carrington expanded its offerings to include 40-year loans and temporary buydowns. Vylla Home, the nationwide real estate brokerage of The Carrington Companies, is well positioned to make homeownership simple for buyers and sellers across the United States. Vylla Home is licensed in 39 states and the District of Columbia. Vylla Home’s Military to Real Estate Career Professional Program provides Veterans transitioning from military service with support that is integral to achieving a thriving career as a REALTOR® at Vylla Home.
“At Carrington, it’s our company’s mission to enable a lifetime of simple and attainable homeownership,” said Rose. “Andrew’s intuitive and experienced understanding of our business, coupled with his unceasing dedication to the families who trust us with all aspects of their homeownership journey, is an enviable combination that will serve our company and our customers well for many years to come.”
The Carrington Charitable Foundation
The Company is also the primary sponsor of the Carrington Charitable Foundation, which contributes to the community through causes that reflect the interests of Carrington Associates, especially through its signature programs focused on serving the Veteran community. For more information about Carrington Charitable Foundation, and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org.
