Latest News Category: News

Due to the approaching Memorial Day holiday and to facilitate earlier funding of VA IRRRL loans in the month of May, CMS will issue a lender credit for per diem interest on all VA IRRRL loans closing in the month of May.  The credit for the per diem interest must be disclosed on the HUD.

Check it out: Just published, Access to credit still biggest hurdle for millennials to enter real estate market by Ray Brousseau, EVP Mortgage Lending, Carrington Mortgage Services, LLC at Inman.com. This article is part of our ongoing series with Inman.com to provide mortgage content for their realtor audience.

Due to recent severe winter storm, snowstorm, and flooding in New York, FEMA has declared the following counties a disaster: Cattaraugus Chautauqua Erie Genesee Jefferson Lewis Orleans Saint Lawrence Wyoming Please note: If an appraisal was completed prior to the incident date of the disaster, a re-inspection will be required. If an appraisal was not […]

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.

Will focus on "establishing strategic alliances with banks and credit unions" The wholesale lending division of Carrington Mortgage Services has appointed David Grosteffon as its divisional sales manager for strategic accounts. In his new position, Carrington said Grosteffon will “manage the company's focus on establishing strategic alliances with leading community banks and credit unions.” Prior to joining […]

Online tool available exclusively to Carrington Approved Brokers provides easy access to marketing materials for a variety of loan products The Wholesale Lending Division of Carrington Mortgage Services, LLC (Carrington) today announced the launch of www.CarringtonMarketingGenie.com, a mortgage broker marketing portal available exclusively to Carrington Approved Brokers as a value-added service. Carrington Approved Brokers can now market […]

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 […]

CMS is closed on Monday, May 26, 2014 in observance of Memorial Day The Lock Desk will be closing early on Friday, May 23, 2014 at  10:00 AM PST Normal Lock Desk hours will resume on Tuesday, May 27, 2014 Reminder, Lock extensions need to be requested prior to their expiration