Announcements

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the Carrington Advantage product (CFA and CFA Plus) underwriting guidelines have been revised with the following changes (highlighted in red): Carrington Flexible Advantage Guidelines Old Requirements Updated Requirements Consumer Credit Counseling Service (CCCS) Borrower enrollment in CCCS is allowed when a minimum of 12 months […]

Overview Due to severe storms, straight-line winds, tornadoes, and flooding in Oklahoma, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: May 07, 2019 and continuing State FEMA Disaster Declaration Counties Oklahoma June 1, 2019 Canadian, Creek, Logan, Muskogee, Osage, Ottawa, Rogers, Tulsa, Wagoner, and Washington Please note: If […]

Overview Due to severe storms and flooding in Arkansas, FEMA has declared the following counties a disaster. Incident Period: March 21, 2019 and continuing State FEMA Disaster Declaration Counties Arkansas June 8, 2019 Conway, Crawford, Faulkner, Jefferson, Perry, Pulaski, Sebastian, and Yell Please note: If an appraisal was completed prior to the incident date of the […]

Overview Due to severe winter storms, snowstorms, and flooding in South Dakota, FEMA has declared the following counties a disaster. Incident Period: March 13, 2019 – April 26, 2019 State FEMA Disaster Declaration Counties South Dakota June 7, 2019 Bennett, Bon Homme, Charles Mix, Cheyenne River Indian Reservation, Dewey, Hutchinson, Jackson, Mellette, Minnehaha, Oglala Lakota, Oglala Sioux […]

Overview The Department of Veterans Affairs (VA) released guidance stating appraisals may no longer be requested through WebLGY prior to ordering the veteran’s Certificate of Eligibility (COE).  The COE is extremely important to ensure veterans are eligible for the VA loan benefit before ordering the appraisal. Effective immediately, the VA requires that all Lender Appraisal […]

Overview TILA 1026.4(c)(7) Real-Estate Related Fees; permits the Doc Prep and Notary Fees to be excluded from the Finance Charge (APR). Carrington Mortgage Services, LLC (CMS) has updated Mavent to account for this change. The following changes are effective June 4, 2019: Mavent will not include these fees in the Finance Charge or APR Contacts […]

Overview Due to severe winter storms, straight-line winds, and flooding in Nebraska, FEMA has declared the following counties a disaster. The updated county is shown in bold. Incident Period: March 9, 2019 – April 1, 2019 State FEMA Disaster Declaration Counties Nebraska March 21, 2019 Antelope, Boone, Boyd, Buffalo, Burt, Butler, Cass, Colfax, Cuming, Custer, Dodge, Douglas, Hall, Holt, […]

Overview Due to severe storms, straight-line winds, tornadoes, and flooding in Oklahoma, FEMA has declared the following counties a disaster. Incident Period: May 07, 2019 and continuing State FEMA Disaster Declaration Counties Oklahoma June 1, 2019 Muskogee, Tulsa, and Wagoner Please note: If an appraisal was completed prior to the incident date of the disaster, […]

Overview The City of Philadelphia has advised that currently, all computer systems in the Prothuonotary's (Chief Clerk’s) office at city hall, as well as all court websites are down. Due to this issue, the city is unable to complete any title search orders at this time. The city hall advised Carrington Mortgage Services, LLC (CMS) […]

Overview Carrington Mortgage Services, LLC (CMS) has made an immediate adjustment to the Correspondent Rate Lock policy. Effective, May 14th, 2019, the Lock Desk will no longer process any lock extensions on VA IRRRL transactions. In addition, automated lock extensions are no longer available in CorrIQ on VA IRRRL loan programs. Contacts Please contact CorrespondentRM@carringtonms.com […]