Due to current market conditions, effective March 20, 2020 and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily no longer permit a lock until the loan is Approved and the appraisal (where applicable) has been received by CMS. Please see revised lock policy below.
|Loan Type||Available Lock Terms||Additional Requirements|
|Non-QM Loans||45-days||Loan must be Approved with appraisal in file|
|Conventional Full Document Loans||45-days, 60-days||Loan must be Approved with appraisal in file|
|Government Full Document Loans||45-days, 60-days||Loan must be Approved with appraisal in file (loans with Appraisal Waivers are exempt)|
|Government Streamline/IRRRL||45-days, 60-days||Loan must be Approved|
Please contact CorrespondentRM@carringtonms.com with any questions.
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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.
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