The Underwriting turn time is the amount of time it takes Land Home Financial Services, Inc. to provide an underwriting decision on data and documents submitted. Turn times are quoted in business days and are estimated on the day's loan volume. Turn times may adjust accordingly without prior notice. Please contact your LHFS Account Executive regarding any questions.  See below for turn time details.

SET UP

Loans submitted through eXPRESS before 3 PM PDT are considered same day. Loans submitted through eXPRESS after 3 PM PDT will be set up the following business day.

NEW SUBMISSIONS

New submissions updated to Underwriting status before 3 PM PDT:

  • Following business day represents the first day of the stated turn time; loan will be underwritten by end of business on the day indicated by the stated turn time.

New submissions updated to Underwriting status after 3 PM PDT, on a weekend, or holiday:

  • Loan will be treated as if it went through Underwriting the following business day.

Example A (2 day turn time):

  • New submissions moved to Underwriting status at 2:59 PM on Tuesday.
    • Wednesday represents day one of the stated turn time, Thursday day two. The loan will be out of underwriting by end of business Thursday.

Example B (2 day turn time):

  • New submission moved to Underwriting status at 3:01 PM on Tuesday.
    • This loan will be considered a Wednesday upload.  Thursday represents day one of the stated turn time, Friday represents day two. The loan will be out of underwriting by end of business Friday.

CONDITIONS

For condition packages uploaded through eXPRESS before 3 PM PDT, the following business day represents the first day of the stated turn time; loan will be underwritten by end of business on the day indicated by the stated turn time. Condition packages uploaded after 3 PM PDT will be considered as uploaded the following business day. 

Example A (1 day turn time):

  • Condition package uploaded at 2:59 PM on Tuesday. Wednesday represents day one of the stated turn time. The loan will be out of underwriting by end of business Wednesday.

Example B (1 day turn time):

  • Condition package uploaded at 3:01 PM on Tuesday. This is considered a Wednesday upload, so Thursday represents day one of the stated turn time. The loan will be out of underwriting by end of business Thursday.