New Custodian for CMS Non-QM Loans

January 2, 2024

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.

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 - 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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