Veteran’s Day Holiday – Lock Desk Hours and Key Compliance Dates

Overview

Carrington Mortgage Services (CMS) offices, including the Lock Desk, will be closed Monday, November 11, 2024 in observance of Veteran’s Day, which is a Federal Holiday. Normal Lock Desk hours will resume on Tuesday, November 12, 2024.

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 November 11, 2024 cannot be included in the rescission period for refinance transactions.
• Monday November 11, 2024 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 November 11, 2024 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.
• When re-disclosure of the CD is required, Monday November 11, 2024 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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