Skip to main content
Carrington Mortgage Services, LLC
Skip to main content

Announcement 19-0029: Pricing Deficiency Fees

May 1, 2019

Overview

Carrington Mortgage Services, LLC (CMS) issues purchasing dispositions to notify Correspondents of conditions which have not yet been met. Purchasing dispositions are issued with a Conditions Cleared by Date, which is the greater of seven (7) calendar days from the date of the disposition or the lock expiration date. If the Conditions Cleared by Date is on a holiday or a weekend, it will roll to the next business day.

Correspondents not able to clear the conditions for purchase by the Conditions Cleared by Date will be responsible for all deficiency fees.

All Closed Loan Packages submitted on and after May 9, 2019 for purchase review will start accruing deficiency fees as follows:

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.

Carrington thanks you for your business.

 

CAREERSINVESTORSabout uswholesale

Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . 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, LLC 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

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram