STANDARD MORTGAGES

Turn times updated as of:  January 17, 2020

Set Up: Purchase

  • 1 Day

Set Up: Refinance

  • 1 Day

Purchase

  • Conventional:  1-2 day
  • Government:  1-2 days
  • Within Reach™ / Power Purchase:  2 days
  • Jumbo:  5 days
  • Expanded:  5 days

Refinance

  • Conventional:  1-2 days
  • Government:  1-2 days
    • Streamline / IRRRL's:  1-2 days
  • Jumbo:  7 days
  • Expanded: 5 days

Conditions

  • Conventional:  1-2 days
  • Government:  1-2 days
  • Within Reach™ / Power Purchase:  1-2 days
  • Jumbo:  6 Days - Non-Delegated;  6 Days - Delegated
  • Expanded:  3-10 days (Based on file type. Will be disclosed upon Approval)

Docs

  • 1 Day

Funding Review

  • 1 Day

Wet State Docs & Funding

  • 1 Day

Please note:  Final Investor Approval turn times may vary. Turn times are quoted in business days and are estimated on the day’s loan volume.  Contact your Account Executive for current expectations based on loan program.

REVERSE MORTGAGES

Turn times updated as of:  January 17, 2020

Quote Proposal

  • 1 Day

Application Request

  • 1 Day

 File Set Up

  • 1 Day

Initial Underwrite

  • 1 Day

Underwriting Condition Review

  • 1 Day
    • Condition review will be completed when all conditions have been received.

Docs

  • 1 Day

Funding

  • 1 Day

Note: Turn times are based on complete submissions received before 3:00 PM Pacific Time.