Carrington Mortgage Services, LLC Wholesale Lending Division

This material is for informational purposes only as a service to brokers who do business with Carrington Mortgage Services, and it should not be relied upon as legal or compliance advice. The information represents the best practices for doing business with Carrington Mortgage Services at the time of preparation, and it is subject to change without notice. ©Copyright 2015. Carrington Mortgage Services, LLC. All rights reserved. Reproduction or distribution is prohibited.

Reference:  Fee Tolerance Categories – Reference Guide

Fee Variance Categories:

Fee Variance Examples:

Services that CANNOT be shopped MAY include:

  • Appraisal Fee
  • Appraisal Management company Fee
  • Credit Report Fee
  • Credit Report Fee
  • Flood Determination Fee
  • An Upfront Mortgage Insurance Fee
  • Government Funding Fee (I.E. VA Funding Fee, USDA Guarantee Fee)
  • Homeowner’s Association Certification Fee
  • Lender’s Attorney Fee
  • Tax Status Fee

Services that CAN be shopped MAY include:

  • Attorney’s Fee
  • Pest Inspection Fee
  • Survey Fee
  • Title- Closing Agent Fee
  • Title – Closing Protection Letter Fee
  • Title – Insurance
    • May NOT be paid to an affiliate

Next, review information on a Change of Circumstance.

Contact your Account Executive with any questions regarding this information.

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