Lock Policy
 
The interest rate market is dynamic, and subject to movements without advance notices. Locking a rate protects you from the time that your lock is confirmed to the day that your lock period expires. Please note that UriBank.com is not responsible for any rates that may change prior to our written confirmation.

Lock-In Defined
 
A lock is an agreement between the borrower and the lender and includes the content that the lender will guarantee loans interest rate and points for many days. Should interest rates rise and you have met all of your conditions, UriBank.com is obligated to honor the rate that we have advertised and locked on your behalf. Should interest rates decrease, the borrower have to still honor the lock.

When Can I lock?
 
When you request rate lock, we will notify you when you are able to request the lock via email after we have reviewed your documentation and credit information Please note that the hours that we are able to execute your lock are between 11:00 am and 3:45 pm Pacific Time Monday through Friday. During hours other than those shown above, we will do our best to secure a comparable rate for you.

Are there any fees to lock?
 
There are not any fees to lock in your loan. If you currently have a loan in process and you have received notification from UriBank.com to lock, we will secure your rate with no upfront fees.

Lock Period
 
We currently quote 30, 45, and 60 day lock-in periods on our site. This means that your loan must fund within this number of days from the day that your lock is accepted by our lending partner.

Lock Confirmation
 
Until UriBank.com confirms in writing that your rate lock has been accepted by our lender, your loan is not locked in. When you request a lock, UriBank.com contacts our lending partner and secures the lock on your behalf. we will verify within 48 hours of your lock request submission.

Lock Changes
 
While we would like to renegotiate locks on your behalf, our lenders are not able to do so. For this reason we recommend that you carefully consider the timing of your lock. We suggest that if you are not certain as to your willingness to close on a rate, that you watch the market for several days prior to requesting your lock.