Bulletin W13-132 – Change Loan Program-Type Procedure

October 21, 2013Bulletins

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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