Carrington Property Services LLC has announced the promotion of Renee Deane to executive vice president of operations. In this new position, Renee will direct the growth of the company’s real estate-owned (REO) rental business. A 25-year industry veteran with extensive experience in the financial services industry, Renee currently oversees Carrington’s national rental division, which operates in more than 40 states. She has developed and maintained relationships with global investment banks, GSEs and large institutional investors, and has a proven track record of developing and automating operational efficiencies to achieve positive financial results.
“Renee has excelled in managing and enhancing the national rental programs we operate for Fannie Mae, in addition to bringing on major new clients, while managing our own portfolio of properties,” said Michael Harris, president of Carrington Property Services LLC. “Our plan to expand these rental programs requires someone with the knowledge and experience that Renee offers, and we believe she’s very well qualified to help us meet our business objectives.”
Prior to joining Carrington in 2010, Renee served as executive vice president of operations/chief credit officer for Nations Direct Mortgage, where she tripled origination volume within six months. She was responsible for all areas of origination up to and including ensuring that all loans originated were sold on the secondary market and insured by the U.S. Department of Housing & Urban Development (HUD). Renee is a sought-after speaker at mortgage banking and investment banking conferences in the U.S. and abroad, and has participated on several advisory boards as well.
“We’re very happy to have someone with Renee’s experience and expertise managing such a strategically important aspect of our business,” said Bruce Rose, chief executive officer of Carrington Holding Company LLC, the parent company of Carrington Property Services. “Being able to manage the rental of thousands of single family homes in geographically diverse locations poses serious operational challenges, and we’re lucky to have someone in place to effectively manage these challenges.”