Carrington Mortgage Services looks to enhance homebuyer affordability.
Tagged: Carrington Wholesale
Around 100 staff members were laid off, according to a source that works for the company.
Carrington Mortgage Services introduced its ProcessIQ product that was developed to assist brokers in moving complicated and time-sensitive loans through their pipeline more efficiently.
The Carrington Advantage Series is a full suite of Non-QM Loan solutions that "Delivers More" for you and your borrowers. Ideal for borrowers, like the self-employed, that don’t fit Agency or Government Qualified Mortgage standards based on credit quality, property type, documentation type, income documentation, or other borrower situations.
- FICOs 550+
- Primary wage earners FICO
- DTIs up to 50%
- Bank Statements (personal or business) accepted
- We don’t require disputed tradelines to be removed
With the Carrington Investor Advantage (DCR)
- DCR down to .75
- First-time investors are ok
- Only 48 months seasoning for major credit events
- 1x30x12 mortgage history ok
Licensed in 47 States (excluding NH, MA & ND.)
Carrington Mortgage Services LLC now provides retail, wholesale, and correspondent lending.
Carrington Mortgage Services, LLC, announced comprehensive changes to its non-QM rates and guidelines that according to the company, delivers a compelling advantage for CMS retail, wholesale and correspondent channels.