Holiday Announcement, Martin Luther King Day – Monday, January 16, 2012

Monday, January 16, 2012 is the Federal Holiday, Martin Luther King Day.  Carrington Mortgage Services and the Lock Desk will be closed.
Carrington Mortgage Services – Wholesale Lending will be open for business on Tuesday, January 17, 2012 and the Lock Desk will resume normal operation starting at 8:00 AM PST to 4:00 PM PST.
Reminder:
All lock extensions need to be requested prior to their expiration.  If a lock expires on Monday, January 16^th then it will need to be extended prior to Friday, January 13^th  at 4pm PST.
Disclosure Considerations:
Please note the important disclosure considerations associated with the holiday.

• Monday, January 16, 2012 cannot be included in the following:
  • Rescission period for refinances .
  • The seven business day waiting period between the date of the initial TIL and the closing date.
  • When re-disclosure of the TIL is required, January 16^th cannot be included in the three business day waiting period between the date the revised TIL was provided to the borrower and the closing of the loan.

Please contact your Account Executive with any questions regarding our holiday operations.