Latest News Author: Rodney Ashton

25 bps to 100 bps Pricing Improvement  Effective immediately, Carrington Mortgage Services, LLC - Wholesale Lending Division has improved pricing on our Flexible Advantage programs (non-prime/near prime) : Full Doc Loans 12 Month Bank Statement Advantage 24 Month Bank Statement Advantage Program Enhancements  Max Loan Amount increased to $2 Million Maximum Cash out Increased to […]

Overview Carrington Mortgage Services. LLC (CMS) is pleased to announce the following product improvements for the Carrington Flexible Advantage (formerly Non-Prime) and Carrington Flexible Advantage Plus (formerly Near-Prime) Programs. Maximum Loan Amount increased to $2M (formerly $1.5M) Maximum Cashout increased to $750K for loans with LTVs ≤ 75%; $500K for loans with LTVs > 75 […]

The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed on Wednesday, July 4, 2018, for Independence Day, which is a Federal Holiday. In addition, the lock desk will close early (10:00 AM PST) on Tuesday, July 3, 2018. Normal lock hours will resume on Thursday, July 5, 2018. Locks that expire on the […]

Coming to Sacramento July 12th! Elevate your performance as a Loan Originator in the Sacramento area with the information and tools provided by attending this free event. Gain new insights into your local market and national trends. Get ahead of your competition by leveraging this information to elevate your performance and better serve customers in […]

Carrington Mortgage Services, LLC (CMS) complies with the Government Refinance Seasoning and Net Tangible Benefit requirements as described below. Please note: FHA/USDA seasoning days calculation has been revised based on updated guidance from GNMA.  Encompass has been updated to enforce these requirements. Seasoning Requirements Net Tangible Benefit Requirements   Footnotes for Seasoning and Net Tangible […]

Congratulations to the team at Carrington Mortgage Services for being recognized as one of the top mortgage employers by NMP Magazine.

CARRINGTON CAN HELP YOU CLOSE LOANS OTHERS CAN’T Carrington recently closed this Non-Prime* loan scenario for one of our clients. Look familiar? Did you recently reject an applicant with similar facts? We approved them! Carrington has a full spectrum of programs for your borrowers for a variety of loan scenarios, including FHA, VA, USDA, Conventional and […]

Carrington Mortgage Services, LLC (CMS) is pleased to announce that effective Tuesday, June 5, 2018, Brokers may submit loans using Lender Paid Compensation for the Near-Prime and Non-Prime products. Refer to the CMS Rate Sheets for the latest pricing. Please note: For all transactions where the Broker selects the Lender Paid Compensation option, the submission […]

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Effective May 30, 2018, Carrington Mortgage Services, LLC (CMS) will offer improved loan level pricing for the Near-Prime and Non-Prime Loan programs. The matrices below list the amounts of the applicable Loan Level Price Adjustment improvements by FICO and LTV. Refer to the CMS Rate Sheets for the latest pricing. Near Prime Non-Prime [btn link="https://carringtonhomeloans.com/drop-in/CMSWholesaleRates.pdf" […]