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New ProcessIQ Loan Processing Service

December 20, 2021


Carrington Mortgage Services, LLC (CMS) is pleased to announce the new ProcessIQ service available for Wholesale Brokers.  This new service provides approved CMS Brokers with the option to have their loans processed by Carrington.  This service is unique in the industry and gives Carrington a competitive advantage over all other lenders!  ProcessIQ allows brokers the choice to expand the overall underwriting services for which Carrington has deep expertise.  Brokers must sign up to be part of the program with their Account Executive, but there are no special requirements to sign up.

Program Details

With ProcessIQ, when an enrolled Broker submits a Non-QM or full-doc FHA, VA or USDA loan they may request the Carrington ProcessIQ team to work directly with the borrower to process the loan.  The Broker’s Loan Officer continues to manage all licensable activities in the same manner as they do today; however, CMS will handle everything else with the loan transaction.
Some of the Key Benefits Brokers enjoy when using ProcessIQ include:

  • A first-rate experience for the borrower
  • The capacity to originate complex loans
  • Additional processing capacity to originate more loans
  • Proactive communication to stay informed every step of the way
  • No expensive 3rd Party Processing Fees which average over $800 per loan file
  • Just $200 added to our already low CMS Underwriting Fee


ProcessIQ has the following fee structure:

Loan Type/State Underwriting Fee* Underwriting Fee with ProcessIQ*
Conforming/Government $699 $899
Non-QM $750 $950
North Carolina $150 $150
New Jersey & Iowa $0 $0

*Conventional and Government Stream/IRRRL loans are not eligible for the new ProcessIQ service.


Contact your account executive sign up or click here to get more information.


Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site:

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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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