Topic included in Bulletin W13-097: Quality Control File Suspense Procedures published for MLD Procedure outlines how to manage files that have been suspended by the CMS Quality Control (QC) process […]
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Latest News Category: Bulletin
Bulletin W13-095 - Updates, Government Product Offerings
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Topic included in Bulletin W13-095: Government guidelines and matrices have been updated for FHA Standard and High Balance, VA Standard and High Balance and USDA Updates included for FHA Standard […]
Bulletin W13-093 - Compliance Guidance on the Determination of Subprime Home Loans under New York Banking Law and New York’s Temporary Order for Calculating APR on Government Loans
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Topic included in Bulletin W13-093: New York’s Department of Financial Services (DFS) issued a TEMPORARY ORDER relating to the determination of thresholds for Subprime Home Loans Doc Magic has temporarily […]
Bulletin W13-092 - Update, Conventional Conforming DU
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Topic included in Bulletin W13-092: Conventional Conforming DU guidelines and matrix have been updated Updates include: Clarification provided on minimum borrower contribution on 97% LTV loans for primary residences Delayed […]
Bulletin W13-089 - Reminder, No Minimum Loan Amount
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Topic included in Bulletin W13-089: Reminder, Carrington Mortgage Services, LLC (CMS) does not have a minimum loan amount Download: Bulletin - W13-089 (PDF)
Bulletin W13-090 - VA Loans Using Loan Prospector Findings
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Topic included in Bulletin W13-090: Freddie Mac Loan Prospector (LP) findings now available for VA Standard and High Balance product offerings Advantages of using LP LP Reminders LP Sponsorship procedures […]
Bulletin W13-088 - Santa Ana Homeownership Center Contact Information
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Topic included in Bulletin W13-088: Santa Ana Homeownership Center (HOC) implemented new procedures for specific case processing requests Processing requests affected by change are: Case Cancellation Case Transfer Case Reinstatement […]
Bulletin W13-087 - Update, Approved Appraisal Management Companies
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Topic included in Bulletin W13-087: Effective Thursday, August 1, 2013 Lenders Choice AMC (LCI) will no longer be an approved AMC for CMS LCI is a California based AMC company […]
Bulletin W13-086 - Update, FHA Standard and High Balance Matrix
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Topic included in Bulletin W13-086: FHA Standard and High Balance matrix has been updated 3-4 units require a minimum credit score of 620 Changes effective immediately Website updated Download: Bulletin […]
Bulletin W13-085 - Pre- Locks with Credit Scores < 600
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Topic included in Bulletin W13-085: Credit scores <600 required an “Approved” status prior to locking the loan on the following product offerings: FHA Standard and High Balance FHA Streamline, Standard […]
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