Due to current market conditions, effective March 13, 2020 and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily suspend offering 30-day locks. CMS will still offer 15-day, 45-day, and 60-day lock terms in accordance with the revised guidelines for available lock terms outlined below. Please contact your Account Executive or Relationship Manager with any questions.
|Loan Type||Available Lock Terms||Additional Requirements|
|Non-QM Loans||45-days||Loan must be Approved|
|Conventional/Government Full Document Loans||45-days and 60-days||None|
|Conventional/Government Full Document Loans||15-days||Loan must have all Underwriting Conditions submitted and sent for Commitment to Purchase|
|Government Streamline/IRRRL||45-days and 60-days||None|
|Government Streamline/IRRRL||15-days||Loan must be Approved|
Please contact CorrespondentRM@carringtonms.com with any questions.
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