Latest News Category: News

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 < […]

Overview Effective July 6, 2017 Carrington Mortgage Services, LLC (CMS) now offers the FHLMC Conventional Home Possible and Home Possible Advantage programs. These programs support CMS’ commitment to the underserved market and have the following key benefits:   Program Codes Program Codes for the Home Possible and Home Possible Advantage programs are in the pricing […]

Join us August 18th-20th in Las Vegas Carrington will be exhibiting at the Originators Connect Conference, August 18th-20th at Planet Hollywood in Las Vegas, Nevada. Come talk to the Go-to-Lender for Government and Conventional loans. Stop by booth #311 and learn how to Grow Your Business with Carrington. We are the experts at Serving the […]

The Lock Desk will be closed on Monday and Tuesday, July 3rd & 4th, 2017 for the 4th of July Holiday. Normal lock hours will resume on Wednesday, July 5, 2017. The Lock Desk will close at its usual time (4 pm PT) on Friday, June 30th. Locks that expire on the holiday will automatically […]

Reduced Streamline LLPAs on FICO<600 Give your business the boost it needs by working with your go-to-lender for those tough loans, including Streamlines! We’ve reduced LLPAs on FHA Streamlines and VA IRRRLs for FICO < 600. That means an even bigger reason to stop turning away clients who may have low FICO scores. PROGRAM HIGHLIGHTS FHA STREAMLINE No […]