2018 Holiday Lock Desk Hours

Overview

During the holiday season Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will observe the following schedule:

• Monday, December 24, 2018 – Closed for the Christmas holiday
• Tuesday, December 25, 2018 – Closed for the Christmas holiday
• Tuesday, January 1, 2019 – Closed for New Year’s Day holiday

In addition, due to the New Year’s Day holiday, the Lock Desk will close early Monday, December 31, 2018 at 11:00 AM PST (early market closure of 2:00 PM EST). Normal Lock Desk hours will resume December 26, 2018 and January 2, 2019.

Rate Locks that expire on the holidays will automatically roll to the next business day. In addition, there are some important disclosure considerations associated with the holidays:

• Tuesday, December 25, 2018 and Tuesday January 1, 2019 cannot be included in the rescission period for refinances.
• Tuesday, December 25, 2018 and Tuesday January 1, 2019 cannot be included in the seven (7) business day waiting period between the between the date the initial Loan Estimate (LE) was provided to the borrower and the consummation of the loan.
• When re-disclosure of the LE is required, Tuesday, December 25, 2018 and Tuesday January 1, 2019 cannot be included in the three (3) day business waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.
• When re-disclosure of the CD is required, Tuesday, December 25, 2018 and Tuesday January 1, 2019 cannot be included in the three (3) business day waiting period between the date the revised CD was provided to the borrower and the consummation of the loan.

Issues related to locks should be sent via email to lockdesk@carringtonms.com.