Announcement 21-0002: Underwriting Fee Update

Overview

Effective for all loans purchased on and after February 1, 2021, Carrington Mortgage Services, LLC (CMS) will implement the following Correspondent fee schedule. The new CMS Underwriting Fees are highlighted in BLUE below:

Loan Product Non-Delegated Fee Type
Underwriting Flood Cert Tax Service
Carrington Prime Advantage $750 $9 $85
Carrington Flexible Advantage (CFA/CFA+) $750 $9 $85
Carrington Investor Advantage $750 $9 $85
Conventional $600 $9 $85
FHA $600 $9 $85
VA $600 $9 $85

Note: North Carolina = $150 for all products; Iowa and New Jersey = $0 for all products.

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.

Carrington thanks you for your business.