Latest News Author: Rodney Ashton

Overview In compliance with Maryland Mortgage Statue 09.03.06.20 – Duty of Care, Carrington Mortgage Services, LLC (CMS) will require the Broker / Loan Officer to provide an executed HPML Attestation (refer to sample provided) for all Carrington Flexible Advantage and Flexible Advantage Plus Higher Priced Mortgage Loans (HPML) with a subject property in the state […]

Overview During the holiday season Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will observe the following schedule: Monday, December 24, 2018 – Closed for the Christmas holiday Tuesday, December 25, 2018 – Closed for the Christmas holiday Tuesday, January 1, 2019 – Closed for New Year’s Day holiday In addition, due to […]

Overview Effective January 1, 2019, Carrington Mortgage Services, LLC (CMS) will implement the following Underwriting Fee schedule for all wholesale loan submissions: Broker Disclosed Loans: All broker-disclosed submissions must include the updated underwriting fee listed on the broker’s initial Loan Estimate. When Loan Setup receives a broker-disclosed submission without the underwriting fee disclosed correctly and […]

As a Nation, we pause to mourn the passing of George Herbert Walker Bush, the forty-first President of the United States, on November 30, 2018. His storied life was filled with accomplishment. When he volunteered for duty in the Second World War, George Bush was the youngest aviator in the U.S. Navy. He flew 58 […]

  Overview The Carrington Mortgage Services (CMS) Lock Desk will be closed in observance of President George H.W. Bush’s death on Wednesday, December 5, 2018 which has been designated as a National Day of Mourning. The financial markets will be closed and no rate sheets will be produced and no rate locks will be allowed. […]

Overview Effective immediately, CoesterVMS will no longer be an approved AMC for new orders. Orders placed before November 27, 2018 with Coester will be accepted. For questions regarding orders, please contact solutions@coestervms.com.

New Program Gives Originators a Distinct Advantage in the Market ANAHEIM, Calif. (Nov. 19, 2018) — Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, today announced the launch of its Correspondent Lending Division. The addition of the Correspondent channel complements CMS’s full portfolio of loan origination channels, which includes […]

Carrington will be exhibiting at NAMB National, December 8th-10th. Join us at Caesars Palace in Las Vegas, Nevada and stop by booth #906-907 to meet our knowledgeable Wholesale team. Find out how your go-to-lender for the toughest loans is also your one-stop shop to help pump up your pipeline with everything from Government to Conventional […]

CARRINGTON CAN HELP YOU CLOSE LOANS OTHERS CAN’T Carrington recently closed this Non-QM* loan for a client. Look familiar? Did you recently reject an applicant with a similar file? We approved it! We have a full spectrum of programs for a variety of loan scenarios, including FHA, VA, USDA, Conventional and Carrington's Flexible Advantage℠ & Flexible […]

Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Monday, November 12, 2018 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Tuesday, November 13, 2018. Locks that expire on the holiday will automatically roll to the next business day. In addition, there are […]