Carrington’s $1,500 On-Time Closing Promise

We close purchase loans on time backed by our $1,500 Promise

Give peace of mind to your clients with Carrington’s On-Time Closing Promise for qualifying home purchase loans.

Carrington will process any qualifying purchase loan—from the time a loan file is submitted to underwriting—meeting the on-time closing date identified as the Close of Escrow date, or we will apply a closing cost credit of $1,500 to the loan at closing.

Carrington is your go-to lender for serving the underserved borrower by offering government loan programs down to 550. Our expertise and our On-Time Closing Promise may help you close more loans when others can’t.

Offer applies to qualifying purchase loans submitted on or after March 20, 2017.

Qualifying loans close on time or we’ll apply $1,500 in closing cost credit, and that’s a promise. Contact us to learn more about this great offer!

Carrington will process any qualifying purchase loan from the time a loan file is submitted to underwriting and meets the on-time closing date identified as the Close of Escrow date or the company will apply a closing cost credit of $1,500 to the loan at closing. Lender Credit may be restricted based on specific product guidelines. In order to receive the closing cost credit, any delay that causes a purchase loan to not meet the on-time closing date identified as the Close of Escrow date must be due to Carrington’s independent processes. If the delay is due to the broker, borrower, seller’s or any third party’s action or inaction or any other circumstances outside of Carrington’s control, the closing cost offer will be void. This offer excludes some purchase loan programs and property types including USDA loans, 203K Loans, REO Properties, Short Sales, New Construction loans, manufactured homes, loans requiring property repairs, engineers inspection, or re-inspection prior to closing, loans requiring condo approvals and flips. The minimum allowable time from a complete purchase loan file at loan approval to the Close of Escrow date is 25 calendar days and all “prior to docs conditions” must be submitted at least 7 business days prior to consummation. The Close of Escrow date is recorded in Pipeline Manager (aka BrokeriQ) for all qualifying purchase loans. Exclusions apply; contact your Account Executive for details. Offer is subject to revision or cancellation at any time. Applies to qualifying purchase loans submitted on or after March 20, 2017.

Updated 7-28-17

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