Veteran’s Day Holiday – Lock Desk Hours and Key Compliance Dates

Overview

Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Friday, November 10, 2023 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Monday, November 13, 2023.

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

• Friday, November 10, 2023 is considered a business day for the purpose of rescission; therefore, it may be included in the rescission period for refinances.
• Friday, November 10, 2023 may be included in the seven (7) business day waiting period 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, Friday, November 10, 2023 may be included in the four (4) business day waiting period between the date the revised LE was provided to the borrower and the consummation of the loan.
• When re-disclosure of the Closing Disclosure (CD) is required, Friday, November 10, 2023 may 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.

Contacts

Please contact your Account Executive or Account Manager with any questions.

Carrington thanks you for your business.