Carrington Correspondent announcements 2026: summaries and effective dates

Applies to: All new loan submissions delivered to Carrington that require a property appraisal.

What to review: Review the mandatory implementation of dynamic UAD 3.6 appraisal reports for all new loan submissions effective October 15, 2026, as well as the option to begin delivering them on October 1, 2026. AWACS interpretation

Applies to: Loans secured by properties located in declared Ohio disaster counties across conventional, FHA, VA, USDA, and non-agency programs.

What to review: Review the mandatory property re-inspection cut-off dates across FHA, VA, USDA, conventional, and non-agency programs for properties located in declared Ohio disaster counties. AWACS interpretation

Applies to: Non-QM investment property mortgages secured by properties located in Kansas or Minnesota.

What to review: Review the new option permitting standard prepayment penalties up to five years on non-QM investment properties in Kansas and Minnesota subject to an executed business purpose disclosure affidavit. AWACS interpretation

Applies to: Loans secured by properties in Lewis, Pleasants, Ritchie, and Upshur counties in West Virginia requiring damage re-inspections, excluding FHA streamline refinances.

What to review: Review West Virginia pipeline loans in designated counties to confirm property damage re-inspections are secured for appraisals completed before July 22, 2026, and for VA streamline refinances not closed before July 21, 2026. AWACS interpretation

Applies to: Non-QM investment property transactions vesting in an LLC under designated Advantage product lines.

What to review: Review the mandatory requirement to obtain an executed personal guaranty document in closing files for LLC-vested Non-QM investment property loans effective July 15, 2026. AWACS interpretation

Applies to: Loans secured by real estate located in declared disaster areas of Louisiana across conventional, government, and non-agency programs.

What to review: Review the mandatory property re-inspection triggers for declared Louisiana disaster parishes across conventional, government, and non-agency loan programs. AWACS interpretation

Applies to: Loans secured by properties located within declared disaster counties in Michigan across conventional, government, and non-agency programs.

What to review: Review mandatory property re-inspection requirements for loans in declared Michigan disaster areas where initial appraisal inspections preceded April 20, 2026, or VA IRRRL closings did not occur before April 9, 2026. AWACS interpretation

Applies to: Loans secured by real estate in the designated Mississippi counties of Franklin, Lamar, Lawrence, Lincoln, or Wilkinson.

What to review: Review the mandatory property reinspection requirement for all conventional, government, and non-agency loans secured by real estate in the designated Mississippi disaster counties. AWACS interpretation

Applies to: Loans secured by properties in declared Mississippi disaster counties across conventional, government, and non-agency programs.

What to review: Review property re-inspection requirements for loans in declared Mississippi disaster counties with appraisal inspections completed prior to January 27, 2026, and for VA interest rate reduction refinance loans not closed before the end of the disaster incident. AWACS interpretation

Applies to: Loans secured by properties in declared disaster areas of Hawaii across conventional, government, and non-agency programs.

What to review: Review property re-inspection requirements for Hawaii disaster areas to ensure mandatory re-inspections are ordered for files with appraisal inspections prior to March 24, 2026, and VA IRRRLs not signed prior to March 24, 2026. AWACS interpretation

Applies to: Loans secured by properties in Washington disaster areas across conventional, FHA, VA, USDA, and non-agency programs.

What to review: Review Washington property pipeline files across conventional, government, and non-agency programs to ensure mandatory property re-inspections are completed for loans with appraisal inspection dates or note execution dates prior to December 19, 2025. AWACS interpretation

Applies to: Loans secured by properties in declared disaster areas of Tennessee across conventional, FHA, VA, USDA, and non-agency programs.

What to review: Review the mandatory property re-inspection criteria for loans secured by properties located within declared Tennessee disaster areas. AWACS interpretation