Lock Desk Holiday Hours

Overview

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

• Tuesday, December 24, 2019 – Close early for Christmas Eve at 11:00 AM PST (early market closure of 2:00 PM EST)
• Wednesday, December 25, 2019 – Closed for the Christmas holiday
• Tuesday, December 31, 2019 – Close early for New Year’s Eve at 11:00 AM PST (early market closure of 2:00 PM EST)
• Wednesday, January 1, 2020 – Closed for New Year’s Day holiday

Normal Lock Desk hours will resume December 26, 2019 and January 2, 2020.
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:

• Wednesday, December 25, 2019 and Wednesday January 1, 2020 cannot be included in the rescission period for refinances.
• Wednesday, December 25, 2019 and Wednesday January 1, 2020 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, Wednesday, December 25, 2019 and Wednesday January 1, 2020 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, Wednesday, December 25, 2019 and Wednesday January 1, 2020 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.