STANDARD MORTGAGES

Turn times updated as of:  August 14, 2020

Set Up: Purchase

  • 3 Days

Set Up: Refinance

  • 3 Days

Purchase

  • Conventional:  5 days
    • Within Reach™ / Power Purchase (Conventional):  7 days
  • Government:  30 days
    • Within Reach™ 2.0 (FHA):  30 days

Refinance

  • Conventional:  15 days
  • Government:  30 days
    • Streamline / IRRRL's:  30 days

Conditions

  • Conventional:  3 days
    • Within Reach™ / Power Purchase (Conventional):  4 days
  • Government:  3-4 days
    • Within Reach™ 2.0 (FHA):  4 days

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:  August 14, 2020

Quote Proposal

  • 2 Days

Application Request

  • 2 Days

 File Set Up

  • 2 Days

Initial Underwrite

  • 7 Days

Underwriting Condition Review

  • 7 Days
    • Condition review will be completed when all conditions have been received.

Docs

  • 2 Days

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