Latest News Category: Bulletin

Effective February 2, 2015, the USDA will update the eligible area maps. This reclassification will mostly involve areas that are going from rural to non-rural; however any areas that should have previously been made rural will now become eligible. If the property is no longer eligible based on the new area maps, the file must […]

Effective immediately, Experian has revised their policy related to removing dispute comments from an account.  They will now accept the attached letter signed by the borrower (click here).  Please note that TransUnion will also accept the attached letter signed by the borrower.  Equifax will accept either a creditor letter OR the attached letter signed by […]

For system maintenance and updates, Pipeline Manager will not be available from 4:00pm Pacific Time on Saturday, December 6th through 2:00 am Pacific Time on Sunday, December 7th. Please plan accordingly to submit and access files during times when the system is operational.

The Carrington Mortgage Services, LLC (CMS) policy regarding 4506T requirements has been updated, effective with loan approvals on and after May 12, 2014. Loans Approved by Underwriting between April 15, 2014 and June 15, 2014: If tax returns are filed, 2013 and 2012 validated tax transcripts are required, including “record of account” If recent filing […]

Topic included in Bulletin W14-040: Reminder, the CMS Declared Disaster Policy provides general guidelines that must be followed in event of a disaster Definition of major disaster provided in bulletin Inspections and re-inspections must be completed on properties within a declared disaster with individual assistance Policy outlines the requirements for Conventional, FHA, VA and USDA […]

Topic included in Bulletin W14-039: Lock Desk hours in observance of Good Friday Lock Desk closing early on Thursday, April 17, 2014 – 7:30-1:00 PM PST Lock Desk closed on Friday, April 18, 2014 Reminder regarding locks, must be extended prior to expiration Announcement will be posted for our brokers Download: Bulletin - W14-039 (PDF)

Topic included in Bulletin W14-038: Due to recent flooding and landslides in Washington state, FEMA has declared Snohomish County a disaster The CMS Declared Disaster Policy can be found on the Intranet at Mortgage/Lending/Policies and Procedures Download: Bulletin - W14-038 (PDF)

Topic included in Bulletin W14-036: As the Data Trac pipeline is near to being closed out, there is no need for Calyx Point Access to Calyx Point has been discontinued immediately Download: Bulletin - W14-036 (PDF)

Topic included in Bulletin W14-037: The Underwriting Condition Matrix has been updated Please refer to the bulletin for a brief summary of the updates Reminder, please refer to the state specific guides for additional information Download: Bulletin - W14-037 (PDF)

Topic included in Bulletin W14-035: CMS is pleased to announce the addition of Alabama and Arkansas as approved states for the Wholesale channel Systems have been updated: Pipeline Manager Encompass Pricing Engine Additional details regarding Alabama and Arkansas can be found in the state guides that are published on the Intranet Download: Bulletin - W14-035 […]