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Most lenders are more than likely going to do a "soft pull" of your credit within a few days of closing in order to confirm that your Final Application (Yes, a Final Application will be what you sign at Closing) doesn't reflect any new inquiries or accounts that haven't been added that change your DTI or loan parameters.
I've been with Carrington Mortgage since 2011 and they are just like any other businesses. People who complained about them are the ones with payment problems or lates. I set up auto pay and my bill has been paid every 14th of the month.
@phats25170
I can only speak to this from a limited view point. I work for a lender that sells 75% of our funded loans. Carrington Mortgage Services buys the part of our portfolio with less than 580 credit scores. Not to say they won't fund or purchase higher qualify loans. On my former clients who have found that their servicing has changed to CMS, I have yet to receive a single compliant based on poor customer service. Like any business, there will always be a few cases where there someones experience has been just a nightmare. But they are a strong viable company and I wouldn't worry.
Best wishes to you!
I heard bad reviews on them from my cousin who applied for Carrington Mortgage.
@Anonymous
I hope your cousin isn't in a big hurry to close. They got slammed after the recent changes took place in the industry a couple of months back. They got hit with all the less than 620 FHA's and VA's. The turn times are horrible now. I have several loans there, and they are taking at least 45-60 days to close. But they will approve loans that no one else will.
@homeloanexpert Sorry to revive an old post but I am currently working with them - how are their turn around times now? Any better?
Thanks!