Due to current market conditions, effective March 20, 2020 and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily no longer permit a lock until the loan is Approved and the appraisal (where applicable) has been received by CMS. Please see revised lock policy below.
|Loan Type||Available Lock Terms||Additional Requirements|
|Non-QM Loans||45-days||Loan must be Approved with appraisal in file|
|Conventional Full Document Loans||45-days, 60-days||Loan must be Approved with appraisal in file|
|Government Full Document Loans||45-days, 60-days||Loan must be Approved with appraisal in file (loans with Appraisal Waivers are exempt)|
|Government Streamline/IRRRL||45-days, 60-days||Loan must be Approved|
Please contact your Account Executive or Account Manager with any questions.
Carrington thanks you for your business.
The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.
Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00