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Wholesale
Turn Times Quoted in Business Days
Task | Start time | End Time | Conv | Govt | NON- QM Access/Elite/Jumbo/ FHLMC/FNMA Second Home and Investment* |
|||
---|---|---|---|---|---|---|---|---|
Purchase | Refi | Purchase | Refi | Purchase | Refi | |||
Loan Setup | LE/ Initial Disclosures Out |
Doc Check Fail -or- Loan Submitted |
1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) |
Underwriting | Loan Submitted | Approved -or- Suspended |
3 Day(s) | 3 Day(s) | 3 Day(s) | 3 Day(s) | 3 Day(s) | 3 Day(s) |
Account Management | Condition Review | Approved -or- Suspended -or- Denied -or- Clear to Close |
1 Day (s) | 1 Day (s) | 1 Day (s) | 1 Day (s) | 1 Day (s) | 1 Day (s) |
Underwriting | Final Underwriting | Approved -or- Suspended -or- Denied -or- Clear to Close |
3 Day(s) | 3 Day(s) | 3 Day(s) | 3 Day(s) | 3 Day(s) | 3 Day(s) |
Pre-Doc QC (Non-QM Only) |
Pre-Doc QC (Non-QM Only) |
Approved -or- Suspended -or- Denied -or- Clear to Close |
N/A | N/A | N/A | N/A | 1 Day(s) | 1 Day(s) |
Closing Docs | Docs Ordered Date | Docs Out Date | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) |
CD Requests | CD Request Date (initial) | CD Sent Date | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) | 1 Day(s) |
*All Loan Amounts of 2mm or greater require an additional 24 hours for Pre-Doc QC
Updated as of