Preferred Pricing Program

Better Pricing on select loan programs

Our Preferred Broker Partner Pricing Program rewards our partners who consistently deliver high-quality loan submissions—by offering better pricing on select loans* to your borrowers.

TO BECOME A PREFERRED BROKER PARTNER, YOU MUST:

  • Be approved for at least 6 months with CMS
  • Fund a rolling average of $2.5M each month for 3 consecutive months
  • Have a submission-to-funding pull-through rate ≥ 60%

PRICING TIERS

CMS Wholesale maintains two tiers of preferred brokers under the Preferred Broker Pricing Program. The amount of the pricing discount offered for selected products is determined as follows:

FUNDED LOANS VOLUME PRICING DISCOUNT PULLTHROUGH**
$2.5M average per month 0.125% ≥ 60%
$5.0M average per month 0.250% ≥ 60%

ELIGIBLE PROGRAMS

PROGRAM TERM
FHA FIXED 30, 25, 20, 15, 10 year fixed
FHA STREAMLINE 30, 25, 20, 15, 10 year fixed
VA RATE/TERM 30, 25, 20, 15 year fixed
VA IRRRL 30, 25, 20, 15 year fixed
USDA 30 year fixed
USDA STREAMLINED-ASSIST 30 year fixed
USDA HIGH BALANCE 30 year fixed

*CMS reserves the right to amend or discontinue the Preferred Broker Pricing Program at any time. Eligibility on selected products are subject to change. Excludes All Conventional loans,
all FHA and VA High Balance loans, all Jumbo Loans, FHA 203k loans, FHA Simple Refinance loans, FHA Repair Escrow Loans, and USDA High Balance Streamlined Assist.
**Submission to Funding pullthrough based on rolling 3-month average measuring the number of files submitted to underwriting against the number of funded loans with a 60 day
look back.

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5
VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

Industry Links

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.
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An Equal Housing Opportunity Lender. Copyright 2007 - 2023 . 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: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

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

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