Carrington Holding Co. on Friday announced that it has agreed to acquire Reliance First Capital from Tiptree Inc., a holding company that combines insurance operations with investment management expertise.

“Together with our existing retail recapture, wholesale and correspondent businesses, our agreement to acquire Reliance First Capital looks to add a direct-to-consumer channel, making our mortgage platform more balanced, more competitive and more resilient,” said Andrew Taffet, CEO of The Carrington Companies.

Founded in 2008 and headquartered in Melville, New York, Reliance is a fully integrated direct-to-consumer mortgage origination platform that has 315 employees, including more than 150 loan officers and sales managers, details ⇒

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