Announcements

Overview Effective on and after April 20, 2020, for all closed loans delivered to Carrington Mortgage Services, LLC (CMS), the Flood Certificate Fee charged will increase from $9.00 to $10.00.  […]

Overview As a reminder, Carrington Mortgage Services, LLC (CMS) recently announced a revised lock policy with longer minimum lock terms for loans without appraisal (when required) in the file.  Effective […]

Overview Here is a simplified guide to help evaluate the permissible Agency appraisal and form requirements during the COVID-19 crisis.  Effective April 13, 2020, and until further notice, all loans […]

Overview Effective immediately, Carrington Mortgage Services, LLC (CMS) will require Sellers to transfer all FHA Cases to CMS prior to submission to Underwriting.  The Seller must initiate the case transfer […]

Overview This temporary guidance is effective for all loans submitted on or after April 13, 2020. Carrington Mortgage Services, LLC (CMS) is temporarily updating the debt to income (DTI) guidelines […]

Overview Due to severe storms, tornadoes, flooding, landslides and mudslides in Oregon, FEMA has declared the following counties a disaster. Incident Period: February 05, 2020 - February 09, 2020 State […]

Overview The IRS has announced a temporary suspension of their Income Verification Express Service (IVES) due to their COVID-19 procedures.  IVES is used by mortgage vendors to obtain IRS transcripts.  […]

Overview Carrington Mortgage Services, LLC (CMS) is actively monitoring the spread of COVID-19 (coronavirus) throughout the United States and we understand there may be concerns about its potential impact to […]

Overview In observance of Good Friday, the Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, April 10, 2020. In addition, the Lock Desk will be closing early […]

Overview During the current telecommuting work arrangement Carrington Mortgage Services, LLC (CMS) is operating under, the Carrington Client Services Department will not be taking inbound phone calls and will request […]