Overview Due to a severe storm and flooding in Montana, FEMA has declared the following counties a disaster. FEMA has updated the declaration to add an end date of July […]
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Latest News Category: Bulletin
Updated Broker Licensing for Investor Loans
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Overview As previously announced, effective July 5, 2022, Carrington Mortgage Services, LLC (CMS) began accepting loan submissions for the Investor Advantage program where Brokers are exempt from state licensing. Brokers […]
Juneteenth National Independence Day Holiday – Lock Desk Hours and Key Compliance Dates
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Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, June 20, 2022 for Juneteenth National Independence Day, which is a Federal […]
FEMA Disaster Declaration for New Mexico
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Overview Due to the South Fork and Salt fires in New Mexico, FEMA has declared the following county a disaster. Incident Period: June 17, 2024 and Continuing State FEMA Disaster […]
Non-QM 1099 and Profit & Loss Product Enhancements
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Overview Carrington Mortgage Services, LLC (CMS) is pleased to introduce new 1099 and P&L products for the Non-QM (Carrington Prime Advantage and Carrington Flexible Advantage Plus) programs. The underwriting guideline […]
Updated First Time Investor LTV Requirements – CMS Non-QM Investor Advantage Program
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Overview Effective April 18, 2022, Carrington Mortgage Services, LLC (CMS) is pleased to announce an Investor Advantage program enhancement to increase the maximum LTV to 75% for First Time Investors with […]
Lock Desk Hours in Observance of Good Friday
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Overview In observance of Good Friday, the Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, April 15, 2022. Normal Lock Desk hours will resume on Monday, April […]
Carrington Investor Advantage Program Enhancements
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Overview Effective March 21, 2022, Carrington Mortgage Services, LLC (CMS) is pleased to announce the following enhancements for the Investor Advantage loan program: Increased Maximum LTV from 82.50% to 85% […]
Presidents Day Holiday – Lock Desk Hours and Key Compliance Dates
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Overview The offices of Carrington Mortgage Services, LLC (CMS) including the Lock Desk will be closed on Monday, February 21, 2022 for Presidents Day, which is a Federal Holiday. Normal […]
VA Cash-Out Refinance 100% LTV Option
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Overview Carrington Mortgage Services, LLC (CMS) is pleased to announce a new VA Cash-Out Refinance option up to 100% LTV. The increased VA Cash-Out LTV option is subject to the […]
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