Effective May 27, 2020 Carrington Mortgage Services, LLC (CMS) will offer a 60-day lock to sellers prior to loan submission when the loan has been registered in CorrrIQ.
||Available Lock Terms
|All Loan Types
||Loan registered in CorrIQ
||Loan must be Approved with All Conditions Submitted for final Clear to Purchase
- 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)
- Free 3 day remains in place (existing policy applies)
- No additional concessions will be considered for extension fees charged
Please contact CorrespondentRM@carringtonms.com
with any questions.
Carrington thanks you for your business.