Skip to Main Content
Carrington Mortgage Services, LLC
Skip to Main Content

Latest News Author: backerman

Non-Conforming Jumbo is Here!

Product Overview Min FICO 700 - Max loan amount of $1M -Purchases, rate & term refi, and cash out refi Min FICO 720 - Max loan amount of $2M - Purchases and rate & term refi LTV 80%; Max Ratios 45% 0x30 last 12 months; 0x60+ last 24 months Minimum cash - 5% from borrower's own funds […]

Read More
Bulletin W1287 - FEMA Disaster for Washington

This bulletin discusses the recent FEMA declaration for Ferry and Okanogan counties in Washington state due to the severe storm, straight-line winds and flooding. Download: Bulletin - #W1287 (PDF)

Read More
Bulletin W1286 - Columbus Day Federal Holiday Notice

This bulletin discusses the upcoming Federal Holiday, Columbus Day which is Monday October 8, 2012. CMS is open, however the Lock Desk is closed No locks, extensions or relocks will be accepted on Monday October 8, 2012 Capital Markets will be available for customer service issues only Normal lock desk hours will resume on Tuesday, […]

Read More
Bulletin W1284 - Anti-Steering Disclosure Process

This bulletin is about the Anti-Steering Disclosure process. CMS requires that the Broker provide the Anti-Steering Disclosure effective immediately on Lender Paid transactions If the disclosure is not included at time of submission the Underwriter will condition the loan appropriately as  PTD condition The Safe Harbor Certification will no longer be a required document The […]

Read More
Bulletin W1283 - FEMA Disaster Declaration for California and Washington

This bulletin is about the recent FEMA announcement for fires in: California  - Shockey Fire, San Diego County Washington – Table Mountain Fire, Kittitas County Please be sure to check your pipelines for properties that are affected by this announcement. Download: Bulletin - #W1283 (PDF)

Read More
Bulletin W1282 - Update to Photo ID Process

This bulletin is an update to the Photo ID process. Update is effective immediately The only picture identification that should be uploaded (if required by Underwriting) into Data Trac EDM are; Resident Alien Card VISA If photo identification is inadvertently uploaded the ID must be left sided prior to submission to Underwriting Any Associate who […]

Read More
Bulletin W1281 - Update to FHA Streamline Process

This bulletin announces significant changes to the way that we manage our FHA Streamline Refinances. Effective October 1, 2012 all FHA Streamlines must have include the following documents: FHA Transmittal – 92900-LT Fully Executed 1003 Fully Executed 92900a Evidence of SSN Tri-Merged Credit Report with FICO Scores only and most recent 12 month Mortgage History […]

Read More
Bulletin W1280 - Data Trac Adverse Action Reason Codes

Revisions have been made to the Data Trac Action Reason Codes, the revisions include: Two (2) new columns, HMDA Reportable and AA Notice which lists when they are required “Other Reasons” section has been updated and revised (see 080 through 087) Three (3) “new” Denial Codes have been added, 085,086 and 087 The Explanation of […]

Read More
Bulletin W1278 - New Credit Vendor

We are happy to announce the addition of Kroll Factual Data as an approved credit vendor of CMS. Credentials will be sent to Operation Associates Friday, September 21, 2012 CMS Approved Credit Vendors: AcraNet CBC Innovis, Inc CIS, Consolidated Information Services CoreLogic Credit Plus Inc Equifax Mortgage Services Kroll Factual Data Download: Bulletin - #W1278 […]

Read More
Bulletin W1278 - Updates to the Conventional Undewriting Manual

This bulletin announces the updates to the Conventional Underwriting Manual and Conventional Conforming Matrix. Conventional Underwriting Manual Updates Added “Private Transfer Fees” guidelines to the Purchase section Added “Reaffirmed Debt/Bankruptcy Concerning Individual Mortgage Loans” guidelines to the Significant Derogatory Credit Section Revised sections pertaining to the conversion of a primary residence to a second home […]

Read More
1 26 27 28 29 30 32
CAREERSINVESTORSABOUT USCORRESPONDENT

Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services, LLC is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram