Independence Day Holiday - Lock Desk Hours and Key Compliance Dates

Overview

The Carrington Mortgage Services, LLC (CMS) Lock Desk will be closed Friday, July 2, 2021 for a Company Holiday and also Monday, July 5, 2021 for Independence Day, which is the observed Federal Holiday. Normal lock hours will resume on Tuesday, July 6, 2021.
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 “observed” holiday as it is considered a business day for the purposes of rescission:

• Monday, July 5, 2021 may be included in the rescission period for refinance transactions.
• Monday, July 5, 2021 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, Monday, July 5, 2021 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 CD is required, Monday, July 5, 2021 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.