Bulletin W13-132 - Change Loan Program-Type Procedure
October 21, 2013
Topic included in Bulletin W13-132:
- Procedure published regarding the process for changing loans programs or loan types during the various stages of the loan application process
- CMS does not make or process counter offers.
- Procedure outlines the process if the request is determined to be a counter offer, as well as:
- Loan Approved and Rate Locked
- Loan Approved and Rate Not Locked
- Loan Not Submitted but Rate Locked
- Procedure effective immediately.
- All Associates are required to read and follow Carrington’s policy on the Change Loan Program/Type procedure
Download: Bulletin - W13-132 (PDF)
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