Latest News Author: backerman

Topic included in Bulletin W13-027: CMS pleased to announce the addition of a new Jumbo program! Some highlights of the program are: Loan Amounts up to $2mm Fully Delegated to $2mm Manual Underwrite - No AUS required 41% DTI Gift funds allowed for Down Payment and Closing Costs (Borrower required 5% contribution) Business funds allowed […]

Topic included in Bulletin W13-026: In observance of Good Friday, Thursday, March 28, 2013 the Lock Desk hours will be 7:00 AM PST to 1:00 PM PST The Lock Desk will be closed on Friday, March 29, 2013 Normal Lock Desk hours will resume on Monday, April 29, 2013 Issues related to locks should be […]

The Lock desk will be closed on Friday, March 29th and retuirn to normal business hours on Monday, April 1st. Additionally, on Friday, March 29, 2013 FHA Case Number Requests will not be accepted after 1:00 PM PST. Case Number requests received after 1:00 will be ordered on Monday, April 1, 2013.

Topic included in Bulletin W13-024: DU Refi Plus Matrix updated with a Program Code section Program Code section supports Optimal Blue Matrix published on Intranet at Mortgage Services/Mortgage Lending/Guidelines and Bulletins/CMS Product Matrices, or at: http://carringtonhome.corp.int/Corporate%20Document%20Library/CMS%20DU%20REFI%20PLUS%20Matrix.pdf Wholesale website in process of being updated Download: Bulletin - W13-024 (PDF)

As of Monday, March 25, 2013 Appraisal Management Solutions and HVCC Appraisal Ordering will not be accepted by Carrington. Please make arrangements due to these changes. View our complete list of AMCs here in our broker center.

Topic included in Bulletin W13-023: Effective Monday, March 25, 2013 Appraisal Management Solutions, LLC and HVCC Appraisal Ordering will no longer be an approved AMC for CMS Appraisals ordered after Monday, March 25, 2013 from Appraisal Management Solutions, LLC and HVCC Appraisal Ordering will not be accepted CMS approved AMC Companies include: Clear Capital Appraisals […]

Notice to our broker community.  Carrington Mortgage Services' partner in broker signup, approval, and recertification has closed their services via their site starting Friday, 3/15 through Sunday 3/17 and will resume operations Monday, 3/18 during normal business hours. If you require assistance, please contact your Account Executive for more information.

Topic included in Bulletin W13-022: Upcoming changes to the Mutual Mortgage Insurance Fund FHA is: Revising the period of assessing the annual MIP, Removing the exemption from the annual MIP for loans with terms of 15 years or less and LTV ratios of less than or equal to 78% at origination; and Increasing the annual […]

Shorter processing times offer brokers and borrowers a competitive advantage in today’s tight market MARCH 12, 2013 – SANTA ANA, CA -- The Wholesale Lending Division of Carrington Mortgage Services, LLC (Carrington) today announced a new program offering 30-day loan closings for borrowers looking to purchase properties. Designed to significantly reduce closing times compared to industry averages, […]

Topic included in Bulletin W13-019: Reminder, for payment questions, coupons, billing, impounds and general servicing questions, contact Customer Service at 800-561-4567 The Customer Service Department will be able to direct our customers to the appropriate Associate regarding their questions Download: Bulletin - W13-019 (PDF)