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UPDATED 12/8/2016

DISCLOSURES & SUBMISSIONS
TYPE PURCHASE REFINANCE CTC
JMAC Loan Estimate Same Business Day* 1 Business Day* N/A
Submission Same Business Day* 1 Business Day* N/A
Closing Disclosure 1 Business Day* 1 Business Day* Same Business Day*

*All requests after 5:00pm PST will be logged for the following day.

PURCHASE
LOAN TYPE INITIAL DECISION CONDITION REVIEW**
Conforming 1 Business Days 1 Business Days
Non-Conforming 12/05* 2 Business Days
FHA 1 Business Days 1 Business Days
VA 1 Business Days 1 Business Days
REFINANCE
LOAN TYPE INITIAL DECISION CONDITION REVIEW**
Conforming 1 Business Days 1 Business Days
Locked Non-Conforming 12/05* 3 Business Days
Unlocked Non-Conforming 12/02* 3 Business Days
FHA 1 Business Days 2 Business Days
FHA Streamline 1 Business Days 2 Business Days
VA 1 Business Days 2 Business Days
VA IRRRL 1 Business Days 2 Business Days

*Non-Conforming turn times are based on based on "In-Underwriting" date and not "Submitted" date.

*Initial Decisions may take longer for borrowers with more than one submitted file

**Turn Times start when the Condition Review task is resolved. Tasks resolved after 3:00pm PST will be logged for the following day.

CLOSING
DEPARTMENT PURCHASE REFINANCE
Docs 1 Business Days* 1 Business Days*
Funding 1 Business Day** 1 Business Days**

*Doc turn times are based on "Docs Ordered" date.

**Please Note: Funding conditions turn time is based on the day, not the hour, of receipt of loan docs. For example: if turn time is 1 business day and docs are received prior to 5pm PST, then they will be reviewed by the end of the business day the following day. Any docs received after 5pm would be logged for the following day and turn time would be for the day after that.

DELEGATED QC REVIEW
Laguna 2 Business Days
Manhattan 2 Business Days
Venice 4 Business Days
NON-DELEGATED INVESTOR REVIEW
Laguna 9 Business Days
Newport 4 Business Days
CORRESPONDENT PURCHASE REVIEW
Non-Delegated 1 - 2 Business Days
Delegated 2 - 3 Business Days
FHA STREAMLINE CUT OFF DATES
Last Day to Submit December 12
Last Day to Submit Conditions December 16
Last Day to Request a Closing Disclosure December 20
Last Day to Put File in Line for Docs December 23
Last Day to Accept Docs for Funding December 26
Last Day to Submit Conditions December 16
Last Day to Fund December 29

Turnaround times will be updated daily at approximately 9:00 am Pacific Standard Time.

JMAC Lending Inc.'s cutoff time for locking is 4:00 pm Pacific Standard Time. 

To prevent any delays on your files, please remember to utilize all applicable underwriting options and documentation processes.