Memorial Day Holiday – Lock Desk Hours and Key Compliance Dates

Overview

The Lock Desk will be closed on Monday, May 26, 2025 for Memorial Day, which is a Federal Holiday.  Normal lock hours will resume on Tuesday, May 27, 2025.

Additionally, the Lock Desk will close early on Friday, May 23, 2025 at 11:00 A.M. PST due to the early close of the financial markets.

Rate 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:

• Monday, May 26, 2025 cannot be included in the rescission period for refinance transactions.
• Monday, May 26, 2025 cannot 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, May 26, 2025 cannot be included in the three (3) 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, Monday, May 26, 2025 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.

Contacts

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