Sellers Guide

Sellers Guide

How to use this Seller's Guide

This seller guide governs certain aspects of the business relationship with CMS approved mortgage loan sellers. In this guide you will learn about:

  • How to become an approved seller
  • Requirements for acceptable loans
  • Our lock policy
  • Compliance requirements
  • Our policies and procedures
  • Underwriting policies

With this guide you will have the information you need transacting business with Carrington from loan submission through the purchase of the loan.

TURN TIMES

Initial Submission

2 Days

Underwriting

4 Days

RM Conditions Review

2 Days

Conditions Review

4 Days

Closed Loan submission

2 Days

Closed Loan Purchase Review

4 Days

Closed Loan Condition Review

1 Day