Carrington Mortgage Services Wholesale introduces ProcessIQ

ANAHEIM, Calif.–(BUSINESS WIRE)–Carrington Mortgage Services, LLC (CMS), one of the nation’s largest private non-bank lenders, provides an impressive array of loan offerings and services to mortgage brokers nationwide. In another significant addition to its services, CMS has introduced ProcessIQ to help brokers move complex and time-sensitive loans through their pipelines more easily. This new service is unique in the industry and gives Carrington a distinct competitive advantage over other lenders by offering more comprehensive services to its brokers.

“ProcessIQ is designed to meet the needs of brokers who don’t have the time or resources to lend to more distressed borrowers whose cases tend to be more complex,” said Bruce Rose, CEO and Founder of The Carrington Companies. “Regardless of their credit status, these borrowers deserve the opportunity to qualify for a loan and take advantage of our current rates.”

With ProcessIQ, licensed CMS Wholesale brokers have the option of having Carrington process the loan as part of their underwriting. When a registered broker submits a non-QM or full FHA, VA, or USDA loan, they can ask the Carrington ProcessIQ team to handle all logistics and work directly with the borrower.

The broker’s loan officer still manages all licensed activities. However, the ProcessIQ team takes care of everything else, allowing our partner brokers to easily expand their loan processing capabilities for more nuanced loans such as those with low FICO scores, debt high or alternative income documentation requirements.

Some of the key benefits brokers will enjoy with ProcessIQ include:

  • A top-notch experience for their borrowers.

  • The ability to issue loans that they may not have the experience or resources to process.

  • The ability to provide lending options and a seamless experience to customers in credit difficulty.

  • Additional processing capacity to generate more loans.

  • Proactive communication to stay informed every step of the way.

  • No costly third-party processing fees, which average over $800 per loan file.

  • Just $200 added to our already low CMS subscription fees.

ProcessIQ is a great way for brokers to speed complicated and time-consuming loans through their pipelines. If desired, underwriting fees can be “bought back” and transferred into pricing, instead of being charged directly to borrowers.

“When a broker combines the services offered by ProcessIQ with Carrington’s competitive pricing, along with our superior expertise in areas such as manual and non-QM underwriting, they will be able to provide a decisive advantage to underserved borrowers. said Rose.

CMS’s diverse product offerings include FHA, VA, USDA and conventional compliant products. Plus, Carrington’s exclusive non-QM Prime Advantage technologySMFlexible benefitSM and Investor AdvantageSM The products have been specifically developed to further demonstrate the company’s ongoing commitment to non-traditional borrowers. Carrington Prime Advantage and Flexible Advantage loans are suitable for borrowers with non-traditional sources of income such as self-employment or contract employment, often verifiable by documents such as bank statements, who wish to purchase a home or refinance mortgage balances. higher loans. These programs can help borrowers with credit issues or recent housing-related events like bankruptcy or foreclosure. Carrington’s Investor Advantage program highlights include no personal income requirements, with qualification based on an investment property’s cash flow.

According to Carrington, ProcessIQ will allow CMS to help more brokers and serve as a superior vendor partner. The introduction of ProcessIQ is another welcome addition to the company’s full suite of government and non-QM lending products, making Carrington’s services more comprehensive than ever.

For more information on ProcessIQ, please visit

The Carrington Companies

Carrington is a holding company whose principal activities include asset management, mortgages and real estate transactions. Collectively, the companies are vertically and horizontally integrated and provide a wide range of real estate services encompassing nearly every aspect of single-family residential real estate transactions in the United States. To learn more, visit:

Through its associate collective of Carrington executives and employees, the company’s nonprofit, Carrington Charitable Foundation, contributes to the community through causes that reflect the interests of Carrington Associates. For more information about the Carrington Charitable Foundation and the organizations and programs it supports through specific fundraising efforts, please visit:

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