Resuming normal lending operations in NC, SC, VA & WV
On Monday, September 17th, 2018, Carrington Mortgage Services, LLC (CMS) will resume normal operations under the Disaster Policy. CMS will authorize funding in all four states (North Carolina, South Carolina, Virginia, and West Virginia) that were placed on hold.
FEMA has declared the following counties in North Carolina for Individual Assistance:
Only those loans in these North Carolina counties are required to successfully pass re-inspection prior to funding.
South Carolina, Virginia, and West Virginia have not declared any individual assistance counties at this time, so re-inspections are not required for properties in these states.
Action Required
- The only impacted loans are in the counties listed above in North Carolina. Any loans that already have appraisals in file will require a re-inspection.
- Any loans where appraisal inspections were dated prior to the disaster declaration date will require a re-inspection to be ordered.
Please contact your account executive if you have questions.