Carrington Property Services LLC (CPS), one of the nation's leading residential asset management companies, has hired Michael Harris as its new company president. Michael will lead all aspects of CPS’ operations as Carrington continues to grow its single family asset management capabilities. CPS has managed tens of thousands of properties over the past four years using a “boots-on-the-ground” approach, coupled with a sophisticated back office infrastructure, to assure that each property receives quality attention in determining an advantageous disposition strategy. Carrington has developed and implemented an innovative model using a single point of contact for vendor management that allows multiple strategies to be deployed simultaneously—ranging from rental to real estate-owned (REO) and short sale management. Under Michael’s leadership, CPS is seeking to significantly broaden its reach by offering the company’s expanded suite of services to new and existing clients.
“We are pleased to have Michael join us and expect that his contribution will be significant in growing our capability to serve the needs of the housing market through CPS’ unique approach to asset management," said Steve Ozonian, chief real estate officer of Carrington Holding Company LLC.
Harris joins Carrington Property Services LLC (CPS) from Stewart Asset Recovery (STAR) where he served as president, responsible for the firm's day-to-day operations, including business development, product and service enhancements, and its vendor network. He has more than 18 years in the real estate industry and has a diversified marketing and management background, including experience in the financing, mortgage servicing, and government industries.
“This is another key step toward providing the full spectrum of services across the mortgage and real estate industries to better manage and serve investors, clients and homeowners,” said Bruce Rose, CEO of Carrington Holding Company. “We welcome Michael and look forward to his contribution toward building one of Carrington’s key business units.”