Holiday Lock Desk Hours & Key Compliance Dates

Overview

During the 2021 holiday season the Carrington Mortgage Services, LLC (CMS) Lock Desk, will observe the following schedule:

• Thursday, December 23, 2021 – Close early at 11:00 AM PST (early market closure of 2:00 PM EST)
• Friday, December 24, 2021 – CMS Offices closed for the Christmas holiday
• Monday, January 3, 2022 – CMS Offices closed for New Year’s Day holiday

Normal Lock Desk hours will resume December 27, 2021 and January 4, 2022.
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:

• Friday, December 24, 2021 and Monday January 3, 2022 cannot be included in the rescission period for refinances.
• Friday, December 24, 2021 and Monday January 3, 2022 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, Friday, December 24, 2021 and Monday January 3, 2022 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, Friday, December 24, 2021 and Monday January 3, 2022 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.