CMS Wholesale Underwriting Fee Update
November 8, 2022
Overview
Effective for all loan submissions received on and after January 1, 2023, Carrington Mortgage Services, LLC (CMS) will implement the following Wholesale fee schedule. The new CMS Underwriting Fees are highlighted in BLUE below:
| Loan Product | Underwriting Fee* | Underwriting Fee* with ProcessIQ |
| Non-Agency | $900 | $1100 |
| Conventional | $799 | $999 |
| FHA | $799 | $999 |
| VA | $799 | $999 |
| North Carolina Loans | $150 | $150 |
| New Jersey Loans | $0 | $0 |
Please note the Iowa Fee is called “Closing Fee” and uses same fee schedule above.
*Note: The Wholesale Underwriting Fee can be “bought out” and moved into the loan pricing instead of charging directly to borrower.
Contacts
Please contact your Account Executive or Account Manager with any questions.
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. 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: