Thanksgiving Holiday Lock Desk Hours and Key Compliance Dates

Overview

Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Thursday, November 24, 2022 and Friday, November 25, 2022 in observance of Thanksgiving, which is a federal holiday.  Due to the holiday, the Lock Desk will be closing early on Wednesday, November 23, 2022 at 11:00 AM PST (early market closure of 2:00 PM EST).  Normal Lock Desk hours will resume on Monday, November 28, 2022.

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:

• Thursday, November 24, 2022 cannot be included in the rescission period for refinance transactions.
• Thursday, November 24, 2022 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, Thursday, November 24, 2022 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, Thursday, November 24, 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.

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.

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