Turn Times

New Submission and Conditions*

LOANS

SETUP

PRE-AUDIT

INITIAL UW

CONDITIONS

INITIAL CD

CLOSING DOCS

Conventional

Dec 19

N/A

Dec 19

Dec 19

Dec 23

Dec 24

USDA

Dec 19

N/A

Dec 19

Dec 19

Dec 23

Dec 24

VA

Dec 19

N/A

Dec 19

Dec 19

Dec 23

Dec 24

FHA


Dec 19

N/A

Dec 19

Dec 19

Dec 23

Dec 24

Jumbo/Non-Agency

Dec 19

Dec 19

Dec 19

Dec 19

Dec 23

Dec 24

Second Liens

Dec 19

N/A

Dec 19

Dec 19

Dec 23

Dec 24

Closed Loan Purchase

LOANS

REVIEWING FILES RECEIVED

REVIEWING SUSPENDED ITEMS RECEIVED

Conventional

Dec 19

Dec 20

USDA

Dec 19

Dec 20

VA

Dec 19

Dec 20

FHA

Dec 19

Dec 20

Jumbo/Non-Agency

Dec 19

Dec 20

*Self-Employed borrowers may require an additional 48 hours for the initial underwrite and condition review.

How Turn Times Are Determined

TURN TIMES ARE ESTIMATED ON THE DAY'S LOAN VOLUME AND MAY ADJUST ACCORDINGLY WITHOUT PRIOR NOTICE. For additional questions about turn times, please contact your Account Executive or Client Relations Representative.

SET UP

Loans “Finaled” by 3 pm local time will be reviewed the following business day and if eligible will be submitted to underwriting.

NEW SUBMISSIONS

Loans that receive a Loan Status of “UW Submitted” by end of business will be assigned to be underwritten per the posted turn time schedule and is based on product.

CONDITIONS

Condition documentation that is uploaded by 3 pm local time will be reviewed by end of business the following day. Example #1:  If documentation is uploaded Friday at 1 pm local time, conditions will be reviewed by end of business on Monday. Example #2:  If documentation is uploaded Wednesday at 4 pm local time, documents are considered as received next day so the conditions will be reviewed Friday. Condition turn times for Second Liens applies for loans once an appraisal and other important credit documents are received.

CLOSING

Closings/disbursements cannot be scheduled on weekends or holidays.  Closing requests submitted for initial CD’s or DOCS after 3 pm local time are considered received the next business day.  If the 7th calendar day of the month falls on a weekend then the last day to fund with interest credit is the previous business day.

Click here to see our Holiday Schedule.