Carrington Wholesale Lending

Bulletin W13-014 – Update DU Refi Plus

February 19, 2013Bulletins

Topic included in Bulletin W13-014:

  • DU Refi Plus Matrix has been updated
  • Updates effective immediately
  • Updates include:
    • Primary Residence, 1-2 units, Conforming and High Balance loan limits, 135% LTV/CLTV with 660 credit score
    • Primary Residence, 1-2 units, Conforming and High balance loan limits, 105% LTV/CLTV with 620 credit score
    • 50% DTI regardless of DU findings
    • Non-Owner Occupied loans up to 105% LTV/CLTV with 660 credit score
  • The pricing engine is in the process of being updated.
    • Loans being locked under the DU Refi Plus program will temporarily be done so manually
    • Email the CMS Lock Desk for quotes and lock requests
    • A bulletin will be sent out once the system is updated
  • Matrix posted to the Intranet at, Mortgage Services/Mortgage Lending/Guideline and Bulletins/CMS Product Matrices/DU Refi Plus
  • Training will be scheduled with the Underwriting Department for Wednesday, February 19, 2013

Download: Bulletin – W13-014 (PDF)

Latest Advertisement