December Holiday Season – Operations and Lock Desk Hours

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

• Friday, December 23, 2016 – MLD open regular business hours
• Monday, December 26, 2016 – Closed for the Christmas holiday
• Monday, January 2, 2017 – Closed for New Year’s Day holiday

The Lock Desk will be closed December 26, 2016 and January 2, 2017 which are Federal holidays. Due to the holidays, the Lock Desk will be closing early on Friday, December 23, 2016 and Friday, December 30, 2016 at 10:00 AM PST. Normal Lock Desk hours will resume December 27, 2016 and January 3, 2017.
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:

• Monday, December 26, 2016 and Monday January 2, 2017 cannot be included in the rescission period for refinances.
• Monday, December 26, 2016 and Monday January 2, 2017 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, Monday, December 26, 2016 and Monday January 2, 2017 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.

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