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 engine and are:

 

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 Underserved borrower with loans for those with less-than-perfect credit. First-time homebuyer programs also available.
[btn link="https://www.originatorconnect.com/agenda" color="yellowGreen" size="size-m"]REGISTER NOW[/btn]
Product Showcase – Carrington Mortgage Services

• Saturday, Aug 19th from 1:30pm-1:50 pm in Showcase Room 1
• Sunday, Aug 20th from 3:00pm-3:20 pm in Showcase Room 1

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 roll to the next business day.  In addition, there are some important disclosure considerations associated with the holiday:

• July 3-4, 2017 cannot be included in the rescission period for refinance transactions.
• July 3-4, 2017 cannot be included in the seven (7) business day waiting period between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
• When re-disclosure of the LE is required, July 3-4, 2017 cannot be included in the four (4) business day waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.
• When re-disclosure of the CD is required, July 3-4, 2017 cannot be included in the three (3) business day waiting period between the date the revised CD was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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 Income documentation required
• Reduced documentation compared to standard FHA loans
• Must have a current FHA loan to be eligible

VA IRRRL

• No income documentation required**
• Mortgage history – no late payment in the last 12 months
• Loan programs available: 30, 25, 20 and 15 year fixed
• This offer only good for loans locked through June 30, 2017.

Call us to learn more about this offer at 866-453-2400

The Lock Desk will be closed on Monday, May 29, 2017 for Memorial Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, May 30, 2017.
Additionally, the Lock Desk will close early on Friday, May 26, 2017 at 10:00 A.M. PT due to the early close of the financial markets.
Locks that expire on the holiday will automatically roll to the next business day.  In addition there are some important disclosure considerations associated with the holiday:

• Monday, May 29, 2017 cannot be included in the rescission period for refinance transactions.
• Monday, May 29, 2017 cannot be included in the seven (7) business day waiting period between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
• When re-disclosure of the LE is required, Monday, May 29, 2017 cannot be included in the four (4) business day waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.
• When re-disclosure of the CD is required, Monday, May 29, 2017 cannot be included in the three (3) business day waiting period between the date the revised CD was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.

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 Income documentation required
• Reduced documentation compared to standard FHA loans
• Must have a current FHA loan to be eligible

VA IRRRL

• No income documentation required**
• Mortgage history – no late payment in the last 12 months
• Loan programs available: 30, 25, 20 and 15 year fixed

This offer only good for loans locked through May 31, 2017.
*Applicable only for FHA Streamlines and VA IRRRLs with no lates within 12 months.
**Applicable only if monthly principal and interest payment does not increase 20% or more. Verbal verification of income source is required.

In observance of Good Friday, the Lock Desk hours on Thursday, April 13th, 2017 will be 7:30 a.m. PT to 12:00 p.m. PT. The Lock Desk will be closed Friday, April 14th, 2017. Normal lock desk hours will resume on Monday, April 17th, 2017
Issues related to locks should be sent via email to lockdesk@carringtonms.com.

Spring Streamline Special

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 Income documentation required
• Reduced documentation compared to standard FHA loans
• Must have a current FHA loan to be eligible

VA IRRRL

• No income documentation required**
• Mortgage history – no late payment in the last 12 months
• Loan programs available: 30, 25, 20 and 15 year fixed

This offer only good for loans locked through April 30, 2017.
Contact us to learn more about this offer!
*Applicable only for FHA Streamlines and VA IRRRLs with no lates within 12 months.
**Applicable only if monthly principal and interest payment does not increase 20% or more. Verbal verification of income source is required.

The Lock Desk will be closed on Monday, February 20, 2017 for Presidents Day, which is a Federal Holiday. Normal lock hours will resume on Tuesday, February 21, 2017.
Locks that expire on the holiday will automatically roll to the next business day. In addition there are some important disclosure considerations associated with the holiday:

• Monday, February 20, 2017 cannot be included in the rescission period for refinance transactions.
• Monday, February 20, 2017 cannot be included in the seven (7) business day waiting period between the between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan
• When re-disclosure of the LE is required, Monday, February 20, 2017 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.