Product | Conditions Received | Closing (Docs Out) | |
UW Clear | 75%+ Received | ||
Conv/Gov Purchase |
2 Days | 3 Days | 2 Days |
Conv/Gov Refinance |
2 Days | 3 Days | 2 Days |
Non QM |
1 Day (<$2m) 2 Days (>$2m) |
3 Days (<$2m) 4 Days (>$2m) |
2 Days |
Jumbo |
1 Day (<$1.5m) 2 Days (>$1.5m) |
3 Days (<$1.5m) 4 Days (>$1.5m) |
2 Days |
Project Review (Condo) |
2 Days | N/A | |
Project Review (Co-Op) |
2 Days | N/A |
Last Updated: March 10, 2022 at 9:33 am ET
Loan Register: No new loan submissions are being accepted at this time.
UW Conditions Received: The number of business days for an underwriter to review conditions uploaded after the Initial UW Review. The turn times published for conditions review include the Account Manager (AM) review.
Closing: The number of business days for the assigned Closer to complete the final loan review and send closing documents.
NOTE: 90% of the loan turn times are represented in the above information.