MLD – Lock Extension Changes
Carrington Mortgage Services, LLC (CMS) actively manages rate locks to offer consumers competitive pricing and minimize the Company’s interest rate exposure for loans. To enhance CMS’ competitiveness in the marketplace, effective October 10, 2017, the costs for extending rate locks will be reduced as shown below:
*The no cost 3-day extension is available if the loan documents are signed and returned and all conditions have been provided. The free 3-day extension is available only once per loan.