Rescissions & Disbursements for Christmas Holiday and New Year's Day
Newrez LLC "Newrez" Approved Correspondent Clients: please note that Sunday, December 25, 2022, is Christmas Day. The Federal Holiday will be observed on Monday, December 26, 2022. Sunday, January 1, 2023 is New Year’s Day. The Federal Holiday will be observed on Monday, January 2, 2023.
Newrez will be closed for business on Monday, December 26, 2022 and on Monday, January 2, 2023.
Have a safe and wonderful Holiday Season!
Sunday, December 25, 2022
Accordingly, the following rescission dates will apply for loans closed on:
|
If Closing |
Then Rescission |
And Disbursements |
|
Wednesday, December 21 |
Saturday, December 24 |
Tuesday, December 27 |
|
Thursday, December 22 |
Monday, December 26 |
Tuesday December 27 |
|
Friday, December 23 |
Tuesday December 27 |
Wednesday, December 28 |
|
Saturday, December 24 |
Wednesday, December 28 |
Thursday, December 29 |
Sunday, January 1, 2023
Accordingly, the following rescission dates will apply for loans closed on:
|
If Closing |
Then Rescission |
And Disbursements |
|
Wednesday, December 28 |
Saturday, December 31 |
Tuesday, January 3 |
|
Thursday, December 29 |
Monday, January 2 |
Tuesday, January 3 |
|
Friday, December 30 |
Tuesday, January 3 |
Wednesday, January 4 |
|
Saturday, December 31 |
Wednesday, January 4 |
Thursday, January 5 |
Wire Desk
Since banks will not operate on Christmas or New Year’s Day, the Newrez Wire Desk will be unable to process wires on Monday, December 26, 2022 and on Monday, January 2, 2023.
Bulk Desk
The Bulk Desk will close at 12pm Eastern on Friday, December 23, 2022 and Friday, December 30, 2022. In addition, the Bulk Desk will be closed on Monday, December 26, 2022 and on Monday, January 2, 2023.
Registration/Lock Desk
The Registration/Lock Desk will be staffed until 12 PM ET on Friday, December 23, 2022 with limited phone coverage. From December 27-30, 2022, the Registration/Lock desk will be staffed from 9:00 AM ET – 6:00 PM ET. Standard overnight rate protection will be continue as usual beginning at 5 PM Local time, and expiring at 7 AM ET the next business day.