Carrington to acquire Reliance First Capital from Tiptree.

Carrington, an operating across mortgages and real estate services, agreed to acquire Reliance First Capital, a direct‑to‑consumer mortgage origination platform, from Tiptree, a private equity firm. Financial terms were not disclosed. “At Reliance First Capital, we look forward to joining the Carrington platform. Carrington’s broad mix of businesses will help us to continue to grow and execute our mission to help homeowners and prospective homeowners receive the right mortgage for their personal financial goals,” Hugh Miller, Reliance First Capital President and Chief Executive Officer.