Latest News Category: News

The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed on Monday, January 15, 2018 for Martin Luther King Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, January 16, 2018. Locks that expire on the holiday will automatically roll to the next business day.  In addition, there are […]

During the holiday season Carrington Mortgage Services, LLC (CMS) will observe the following schedule: Friday, December 22, 2017 – MLD open regular business hours Monday, December 25, 2017 – Closed for the Christmas holiday Monday, January 1, 2018 – Closed for New Year’s Day holiday The Lock Desk will be closed December 25, 2017 and […]

Effective December 4, 2017, Carrington Mortgage Services will no longer accept broker-disclosed submissions that do not include the $399 underwriting fee ($99 in North Carolina) on their initial Loan Estimate. New Jersey loans are exempted, as the lender is not permitted to charge an Underwriting Fee. If the loan was pre-locked with the Underwriting Fee […]

Overview The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be closed Thursday, November 23, 2017 and Friday, November 24, 2017 in observance of Thanksgiving, which is a federal holiday. Due to the holiday, the Lock Desk will be closing early on Wednesday, November 22, 2017 at 11:00 AM PST (early market closure of […]

Great News! The Lock Desk at Carrington Mortgage Services, LLC (CMS) will be open Friday, November 10, 2017 for normal Lock Desk hours. Because Veteran’s Day, November 11, 2017, which is a Federal Holiday, falls on a weekend this year there are some important disclosure considerations associated with the holiday: Friday, November 10, 2017 is […]

Carrington may assist borrowers in Presidentially-designated disaster areas through the government’s FHA 203h loan program. HIGHLIGHTS OF THE PROGRAM • Minimum 500 FICO • 100% financing on purchases for homeowners or renters whose homes were destroyed • Refinance available for those whose homes are not destroyed but would like to refurbish (Restrictions apply) • Previous residence must […]

Help meet the individual needs of your borrowers and grow your business with our new reduction in FICO to 500 for FHA & VA government purchase programs.*** FHA Purchase 500 FICO to 90% LTV on purchase loans Debt to income ratio determined by AUS with FICO>640 (1-2 unit) First-time home buyers – no overlays with DU […]

Carrington Mortgage Services, LLC (CMS) is pleased to announce that pre-closing soft pull credit reports are no longer required for Government Loans (FHA, VA and USDA). This change is effective immediately and is being implemented as part of the initiative to reduce overlays and make closing loans with CMS even easier. Please note: Pre-closing soft […]

The Lock Desk will be closed on Monday, September 4, 2017, for Labor Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, September 5, 2017. Additionally, the Lock Desk will close early on Friday, September 1, 2017, at 10:00 A.M. PST due to the early close of the financial markets. Locks […]

Give your business a BIG boost with our minimum credit score reduction to 500 on FHA/VA loans and our improvement on pricing that starts today! Minimum 500 FICO on FHA and VA loans 25 bps Special on FHA and VA High Balance < 640 Significant reductions in LLPAs on FHA and VA loan sizes < […]