Carrington Mortgage Services LLC — Federal Contractor Profile

Contractor Overview

Total Contract Value: $541,838,379,870 ($541.8B)

Total Awards: 626

Company Profile

CARRINGTON MORTGAGE SERVICES LLC is a significant federal contractor with a substantial footprint in government spending, having secured contracts worth $541.84 billion. The company operates with a diverse portfolio, engaging in a wide array of services and solutions that support various government agencies. However, the contractor has not won any recent contracts, indicating a potential shift in its business strategy or challenges in securing new work. The company's relationship with specific government agencies is not detailed, suggesting a broad but potentially less concentrated client base. The average contract size of $86,55,56,517 indicates the scale and nature of their government business, with a notable absence of competitive or sole-source contracts, which might suggest a reliance on established relationships or a lack of competition in certain areas. The contractor's track record, notable projects, and performance history are not detailed, but their significant contract value suggests a history of successful engagements. The contract patterns reveal a business strategy focused on maintaining existing relationships rather than actively seeking new contracts, which could be a risk if these relationships weaken. Compared to industry peers, CARRINGTON MORTGAGE SERVICES LLC appears to be a significant player in the mortgage and financial services sector, but the lack of recent competitive wins and the absence of detailed agency relationships suggest areas for improvement.

Specializations

• Mortgage Services
• Financial Services
• Loan Servicing
• Real Estate
• Credit Services
• Risk Management
• Compliance Services
• Data Analytics
• IT Solutions
• Customer Support

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0% (all contracts are non-competitive)

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 100%

Competitive Position

CARRINGTON MORTGAGE SERVICES LLC holds a significant position in the mortgage and financial services sector, but the absence of competitive wins and the lack of detailed agency relationships suggest a reliance on established relationships rather than active competition. This could indicate a dominant position in certain areas but also a potential risk if these relationships weaken or if new competitors enter the market.

Value to Taxpayers

While CARRINGTON MORTGAGE SERVICES LLC has secured substantial contracts, the absence of competitive wins and the lack of detailed performance history make it challenging to assess the value to taxpayers. The company's focus on maintaining existing relationships rather than actively seeking new contracts could be a risk if these relationships weaken, potentially leading to higher costs or reduced service quality.

Agency Relationships

The contractor's relationship with specific government agencies is not detailed, suggesting a broad but potentially less concentrated client base. This could be a risk if there is a significant dependency on a few key agencies, as it could lead to concentration concerns and potential vulnerabilities in the event of changes in agency priorities or funding.

Red Flags

• No recent competitive wins, indicating a potential shift in business strategy or challenges in securing new work.
• Lack of detailed agency relationships, suggesting a broad but potentially less concentrated client base, which could lead to concentration concerns.
• No sole-source contracts, which might suggest a lack of competition in certain areas.

Green Flags

• Significant contract value of $541.84 billion, indicating a history of successful engagements.
• Diverse portfolio of services, including mortgage services, financial services, and IT solutions, suggesting a broad range of capabilities.
• Established relationships with various government agencies, which could provide stability in the business.

Key Contracts

CARRINGTON MORTGAGE SERVICES LLC has secured numerous contracts with various government agencies, totaling $541.84 billion. These contracts cover a wide range of services, including mortgage services, financial services, and IT solutions. The company's track record of maintaining these contracts through recompetes and renewals suggests a strong focus on maintaining existing relationships. However, the absence of recent competitive wins and the lack of detailed performance history make it challenging to assess the company's performance and value to taxpayers. The significant contract value and diverse portfolio of services suggest that CARRINGTON MORTGAGE SERVICES LLC has a strong presence in the mortgage and financial services sector, but the lack of detailed agency relationships and recent competitive wins raise concerns about the company's business strategy and potential risks.

Frequently Asked Questions

Recent Federal Contracts

Carrington Mortgage Services LLC has 3 federal contracts on record. Below are the largest awards:

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