Overview
Effective January 15, 2024, Carrington Mortgage Services, LLC (CMS) will begin requiring use of Computershare Trust Company, N.A. as the Custodian for all Non-QM Loan collateral package documents.
Starting January 15, 2024, Correspondents must provide an original collateral package of all documents which include Original Note, Bailee Letter and Allonge, a Certified True Copy of the Mortgage (Deeds) and a complete Preliminary Title Report via insured courier, or overnight mail, for tracking purposes as follows:
For Non-QM Loans
Computershare Trust Company, N.A.
Attn: CARR FLOW – Team 1
751 Kasota Ave. SE
Minneapolis, MN 55414
For Agency & Government Loans
Deutsche Bank National Trust Company
Attn: Carrington Correspondent Team
1761 East St. Andrew Place
Santa Ana, CA 92705
As a reminder, the Collateral package must be delivered within 24 hours after delivery of the closed Mortgage Loan file.