CMG Financial Introduces Lock N Shop Rate Protection Program

Mar 22, 2019

CMG Financial has premiered its Lock N Shop rate protection program, designed to allow home shoppers to lock rate offers for 60 or 90 days while they are in search of a residence to buy.

According to the San Ramon, Calif.-based company, the homebuyer has 45 days to identify a property for purchase when the lock is in place. If rates rise during this period, the homebuyer will keep the locked rates, but the buyers gets a lower rate if rates fall. There is the opportunity for a one-time rate renegotiation or roll down, extension, or relock is allowed after a property is identified.

The Lock N Shop program is available to CMG Financial customers and CMG Financial wholesale mortgage broker partners, and is available on fixed-rate conventional, FHA, VA, and USDA mortgage loans with 30-year or 15-year terms. depending on the situation. The Lock N Shop rate protection program is not available for non-agency products or in the states of Massachusetts, New York, or Oregon.

“The last thing we want our clients worrying about when shopping for a home is their mortgage rate, that’s our job,” said Kim Callas, Executive Vice President, CMG Financial. “With the Lock N Shop rate protection program, home buyers get the peace of mind that their rate is locked and can take all the time they need to find the perfect home.”

About the author

Phil Hall

Link copied

Published

Mar 22, 2019

People On The Move

Argyle Promotes Hardesty To CRO, Esquibel To Mortgage VP

John Hardesty and Daniel Esquibel take on broader roles amid growth across the verification provider’s markets

Argyle has promoted John Hardesty to chief revenue officer and Daniel Esquibel to vice president of mortgage, expanding the responsibilities of two longtime company leaders.Esquibel, previously Argyle’s director of strategic sales and partnerships, will oversee the company’s...

C-Suite Strategies

Carrington Closes Valon Mortgage Acquisition, Nears 2 Million Serviced Loans

Deal adds approximately 810,000 loans and clears the way for Carrington to make ValonOS its core servicing platform

Carrington Mortgage Services has completed its acquisition of Valon Mortgage, adding approximately 810,000 loans to its servicing platform and moving forward with plans to adopt ValonOS as its core servicing technology.The closing follows the strategic partnership announced ...

Oct

Denver, CO

More from

Industry News

The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Industry News

Jul 30, 2026

New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Industry News

Jul 15, 2026

First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Industry News

Jul 10, 2026

Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Industry News

Jul 09, 2026

June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Industry News

Jul 02, 2026

NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Industry News

Jul 02, 2026

Popular