Overview
As a reminder, effective for loan applications taken on or after February 15th, 2019 Lenders must provide a Comparison Disclosure within three (3) days of loan application for all VA Full Doc refinance loan transactions (even if the existing loan is NOT a VA loan).
Carrington Mortgage Services, LLC (CMS) has developed a new VA Guaranteed Home Loan Cash-Out Refinance Comparison Certification form to use to meet these requirements. The disclosure shows the refinancing loan passes NTB and provides a comparison of key loan characteristics for the existing and refinancing loan.
Resources
The new form is available at carringtoncorrespondent.com > Resources > Forms > VA Guaranteed Home Loan Cash-Out Refinance Comparison Certification
Contacts
Please contact CorrespondentRM@carringtonms.com with any questions.
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. 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: