Carrington Wholesale

brokerIQ

Escrow Repair Loan Program Discontinued

December 31, 2021rashtonBulletin

Overview

Effective December 31, 2021, Carrington Mortgage Services, LLC (CMS) will discontinue offering FHA 203(b) Escrow Repair loans through the Wholesale Channel.  Brokers must submit all 203(b) loans prior to the December 31, 2021 effective date or the loans will be denied.