Overview
As a reminder, Carrington Mortgage Services, LLC (CMS) recently updated our lock policy which has the following Lock Extension requirements:
- Maximum of up to two extensions
- Maximum extension period of 15 days in the aggregate
- Current extension fee charges remain in place (see rate sheet)
The CMS lock policy currently offers the following minimum lock terms and allows a 15-day lock when all Conditions are Submitted for final Clear to Purchase as shown below:
| Loan Type | Available Lock Terms | Additional Requirements |
| Conventional Full Document Loans | 15-Days | Loan must be Approved with appraisal in file with All Conditions Submitted for final Clear to Purchase |
| 45-days | Loan must be Approved with appraisal in file | |
| Government Full Document Loans | 15-Days | Loan must be Approved with appraisal in file (loans with Appraisal Waivers are exempt) with All Conditions Submitted for final Clear to Purchase |
| 45-days | Loan must be Approved with appraisal in file (loans with Appraisal Waivers are exempt) | |
| Government Streamline/IRRRL | 15-Days | Loan must be Approved with All Conditions Submitted for final Clear to Purchase |
| 45-days | Loan must be Approved |
Contacts
Please contact CorrespondentRM@carringtonms.com with any questions.
Carrington thanks you for your business.
An Equal Housing Opportunity Lender. Copyright 2026. Carrington Mortgage Services, LLC headquartered at 500 North State College Boulevard, Suites 1030, 1300, and 1400, Orange, CA 92868. 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: