Latest News Category: News

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

Carrington will have special Lock Desk hours in observance of The Easter Holiday Weekend. Lock Desk closing early on Thursday, April 17, 2014 – 7:30-1:00 PM PST Lock Desk closed on Friday, April 18, 2014 Reminder: Locks must be extended prior to expiration

Experience in credit management, underwriting and servicing make Carrington the go-to resource for credit-challenged borrowers – and the mortgage brokers and real estate agents who support them MARCH 20, 2014 – SANTA ANA, CA – Carrington Mortgage Services, LLC (Carrington) today announced plans to further sharpen its focus on reaching and serving “underserved” borrowers (typically […]

Locking Carrington Loans Under the New QM Guidelines IMPORTANT: When locking loans with submission dates of 1/10/2014 or later,  the CMS underwriting fee is now included in your QM points and fees test (3% Cap rule).   If you wish to have the CMS underwriting fee excluded from your points and fees test, Carrington will […]

Carrington is closed on December 24, 25 and January 1 The Carrington lock desk will be closed at 10:30 AM PST on Christmas Eve.     Carrington Mortgage Services Lock Desk     Tues, Dec 24, 2013 Closed Closes 10:30 AM PST     Wed, Dec 25, 2013 Closed Closed     Tues, Dec 31, […]

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Important: All loans with DU 9.0 findings must be submitted to CMS Underwriting no later than December 1, 2013 Fannie Mae's Desktop Underwriter was updated to 9.1, not allowing LTVs > 95% This update excludes DU Refi Plus and HomePath DU findings ran under Version 9.0 that have expired require a new DU using 9.1 […]

As other lenders exit the business, Carrington increases its commitment to wholesale lending with an expanded geographic reach, wide array of products and faster processing times NOVEMBER 21, 2013 – SANTA ANA, CA – The Wholesale Lending Division of Carrington Mortgage Services, LLC (Carrington) today announced that it has expanded its coverage in the Southeast, […]