Andrew Taffet, Chief Investment Officer of The Carrington Companies has assumed the additional role of CEO for The Carrington Companies, succeeding company Founder Bruce Rose. 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 Rose. “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.
“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.”
Carrington Mortgage Services (CMS), one of the nation’s largest privately held non-bank lenders and non-QM lender, recently announced the return of Samuel Bjelac to lead the company’s Third-Party Origination (TPO) Lending teams. Bjelac, who previously served as Divisional VP of the Carrington Mortgage Services Wholesale Lending team, has rejoined CMS as SVP, National Sales, TPO. Prior to his return to CMS, Samuel honed his non-QM expertise as EVP of National Sales at Sprout Mortgage, while also leading the TPO teams at CoreVest Finance and LendingOne; and he returns with extensive experience in non-agency lending.
“Samuel brings more than 20 years of mortgage experience to Carrington,” said Greg Austin, EVP, Lending for CMS. “Combining a deep understanding of the non-QM business, along with his sales leadership experience, I am very excited about the future of Wholesale and Correspondent at CMS.”
