Overview As previously announced, Carrington Mortgage Services, LLC (CMS) reintroduced cash-out refinance transactions under the conventional loan program. To clarify, these transactions are subject to the following guideline overlay. This […]
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Overview Due to recent changes in market conditions, Carrington Mortgage Services, LLC (CMS) is pleased to announce cash-out refinance transactions have been reinstated under the conventional loan program. Effective immediately, […]
Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, July 3, 2020 for Independence Day, which is the observed Federal Holiday. Additionally, the Lock Desk will […]
Overview Effective July 1, 2020, all rework of terms requested after Carrington Mortgage Services, LLC (CMS) issues a Clear to Close are subject to the Resubmission turn times. If a […]
Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce the market conditions that led to temporary suspensions of some lock terms and exception requirements have been resolved and effective […]
Overview Effective June 19, 2020, Carrington Mortgage Services, LLC (CMS) will implement the following new mailing address for borrowers to send their payments: Carrington Mortgage Services, LLCP.O. Box 660586Dallas, TX […]
Overview The VA requires that Veterans’ funding fee exemption information is up-to-date at the time of closing to avoid incorrect charges to exempt Veterans. Lenders may not advise Veteran borrowers […]
Overview Effective May 27, 2020 Carrington Mortgage Services, LLC (CMS) will offer a 60-day lock to sellers prior to loan submission when the loan has been registered in CorrrIQ. Loan […]
Overview Due to severe storms, tornadoes and straight-line winds in South Carolina, FEMA has declared the following counties a disaster. The updated counties are shown in bold. Incident Period: April […]
Overview Due to severe storms, tornadoes, straight-line winds and flooding in Mississippi, FEMA has declared the following counties a disaster. The updated counties are shown in bold. Incident Period: April […]