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Correspondent Announcement 22-0030: CMS Correspondent Underwriting and Investor Fee Update

November 8, 2022

Overview

Effective for all loan submissions received on and after January 1, 2023, Carrington Mortgage Services, LLC (CMS) will implement the following Correspondent fee schedule. The new CMS Underwriting Fees are highlighted in BLUE below:

Loan Product Non-Delegated Fee Type
Underwriting Flood Cert Tax Service
Carrington Prime Advantage $900 $10 $85
Carrington Flexible Advantage (CFA/CFA+) $900 $10 $85
Carrington Investor Advantage $900 $10 $85
Conventional $700 $10 $85
FHA $700 $10 $85
VA $700 $10 $85

 

Loan Product Delegated Fee Type
Investor Flood Cert Tax Service
Conventional $550 $10 $85
FHA $550 $10 $85
VA $550 $10 $85

Note: These fees are not in the loan origination fees and will be charged when the loan is purchased and netted from the wire amount.

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.

Carrington thanks you for your business.

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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.

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

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