Latest News Category: Bulletin

Overview Effective February 1, 2021, Carrington Mortgage Services, LLC (CMS) will discontinue offering FHA 203k (Standard and Limited) loans through our Wholesale Channel.  Brokers must submit all 203k loans prior to the February 1, 2021.  All approved 203k loans in the active pipeline will be honored and can close as expected. Contacts Please contact your […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Thursday, December 17, 2020; CMS will implement the following Carrington Advantage (Prime Advantage, Flexible Advantage Plus, Flexible Advantage, and Investor Advantage) product underwriting updates (highlighted in blue).  Please note this is an abbreviated summary of the guideline changes. For additional information, please review the […]

Overview During the holiday season the Carrington Mortgage Services, LLC (CMS) Lock Desk, will observe the following schedule: Thursday, December 24, 2020 – Closed for Christmas Eve Friday, December 25, 2020 – Closed for the Christmas holiday Thursday, December 31, 2020 – Close early for New Year’s Eve at 11:00 AM PST (early market closure […]

Overview The Carrington Mortgage Services, LLC (CMS) Lock Desk, will be closed Thursday, November 26, 2020 in observance of Thanksgiving, which is a federal holiday and also Friday, November 27, 2020 which is a CMS company holiday.  Due to the holiday, the Lock Desk will be closing early on Wednesday, November 25, 2020 at 11:00 […]

Overview Due to California wildfires, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: August 14, 2020 – Continuing State FEMA Disaster Declaration Counties California August 22, 2020 Butte, Lake, Lassen, Mendocino, Monterey, Napa, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Trinity, Tulare and Yolo Re-Inspection […]

Overview Due to Louisiana Hurricane Delta, FEMA has declared the following parishes a disaster. Updated counties are shown in bold. Incident Period: October 6, 2020 – October 10, 2020 State FEMA Disaster Declaration Parishes Louisiana October 16, 2020 Acadia, Beauregard, Calcasieu, Cameron, Jefferson Davis, Lafayette, Rapides, St. Landry, St. Martin Parish’s and Vermilion Re-Inspection by […]

Overview Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Wednesday, November 11, 2020 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Thursday, November 12, 2020. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there […]

Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce effective Monday November 2, 2020; CMS will implement the following Carrington Prime Advantage product underwriting updates (highlighted in blue).  Please note this is an abbreviated summary of the guideline changes. For additional information, please review the full guidelines available on carringtonwholesale.com. Underwriting Guidelines Old Requirements […]

Overview Due to California wildfires, FEMA has declared the following counties a disaster. Updated counties are shown in bold. Incident Period: August 14, 2020 – Continuing State FEMA Disaster Declaration Counties California August 22, 2020 Butte, Lake, Lassen, Monterey, Napa, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma, Trinity, Tulare and Yolo Re-Inspection by Product […]

Overview Due to Louisiana Hurricane Delta, FEMA has declared the following parishes a disaster. Incident Period: October 6, 2020 – October 10, 2020 State FEMA Disaster Declaration Parishes Louisiana October 16, 2020 Acadia, Calcasieu, Cameron, Jefferson Davis and Vermilion Re-Inspection by Product Type If your loan is … A re-inspection is required … Under these […]