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Columbus Day Holiday Lock Desk Hours

October 8, 2021rashtonBulletin

Carrington Mortgage Services, LLC (CMS) offices, including the Lock Desk, will be closed Monday, October 11, 2021 in observance of Columbus Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Tuesday, October 12, 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 holiday:

  • Monday, October 11, 2021 cannot be included in the rescission period for refinance transactions.
  • Monday, October 11, 2021 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, October 11, 2021 cannot 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, October 11, 2021 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.