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Overview Carrington Mortgage Services, LLC (CMS) is implementing the following guideline changes for third-party originated FHA loan submissions (excluding Streamline loans) when the qualifying FICO score is 640 or less. These guideline changes are effective for Correspondent Delegated Seller loans registered or submitted to CMS dated on or after February 10, 2025. All FHA loans […]

Overview Carrington Mortgage Services, LLC (CMS) is implementing the following guideline changes for third-party originated FHA loan submissions (excluding Streamline loans) when the qualifying FICO score is 640 or less. These guideline changes are effective for Correspondent Non-delegated Seller loans registered or submitted to CMS dated on or after February 10, 2025. All FHA loans […]

Overview The offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will be closed on Monday, February 17, 2025 for President’s Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 18, 2025. Rate Locks that expire on the holiday will automatically roll to the next business day. In […]

Please be advised effective immediately, the $100 VA Authorized Agent Sponsorship fee may now be paid by Credit Card in addition to check. To pay by Check, attach a check for $100.00 made payable to Carrington Mortgage Services, LLC and send the completed form and check to: Carrington Mortgage Services, LLC Attention: Client Administration 1600 […]

Overview Due to wildfires and straight-line winds in California, FEMA has declared the following county a disaster. Incident Period: January 7, 2025 and continuing State FEMA Disaster Declaration Counties California 01/08/2025 Los Angeles Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full Doc Yes […]

Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, January 20, 2025 for Martin Luther King Jr. Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 21, 2025. Rate Locks that expire on the holiday will automatically roll to the next […]

Overview Please be advised the Carrington Mortgage Services, LLC (CMS) Lock Desk will be closing at 2:00 PM Eastern Time (11:00 AM Pacific Time) on Thursday, January 9, 2025 due to the early close of the financial markets to observe the funeral services for President Carter. Normal lock hours will resume on Friday, January 10, […]

Overview The purpose of this communication is to announce, effective December 31, 2024, Carrington Mortgage Services, LLC (CMS) will no longer offer the Closed-End Second Lien Loan Program for the Correspondent channel. Please Note: Any Correspondent Closed-End Second Lien Loans in the active pipeline that have not been locked by the December 31, 2024 effective […]

Overview During the 2024 holiday season, the offices of Carrington Mortgage Services, LLC (CMS), including the Lock Desk, will observe the following schedule: Tuesday, December 24, 2024 – closed for CMS Company holiday Wednesday, December 25, 2024 – closed for Christmas Day holiday Wednesday, January 1, 2025 – closed for New Year’s Day holiday Normal […]

Overview Due to Tropical Storm Helene in West Virginia, FEMA has declared the following county a disaster. Incident Period: September 25, 2024 – September 28, 2024 State FEMA Disaster Declaration Counties West Virginia 12/09/2024 Mercer Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these circumstances … FHA Full […]