CORRESPONDENT TURN TIMES

UPDATED

Turn times are intended to be an estimate of when work will be completed based on daily volume and are subject to change. Please contact your Account Executive or Account Manager with any questions.

SUBMISSIONS & DISCLOSURES
TYPE PURCHASE REFINANCE
Submission / Redisclosure Same Day Same Day
Closing Disclosure (Prior to Clear-to-Close) 1 Business Day 1 Business Day
Closing Disclosure (Clear-to-Close) 1 Business Day 1 Business Day

  • For loans in Central and Eastern Time Zone, the cut off for Submissions and Closing Disclosure Request is 3:00 PM EST.

  • For loans in Mountain and Pacific Time Zone, the cut off for Submissions and Closing Disclosure Request is 3:00 PM PST.

  • Requests made after the cut off time will be considered received the following Business Day.

UNDERWRITING: PURCHASE
LOAN TYPE INITIAL DECISION CONDITION REVIEW
Conforming 1 Business Day 1 Business Day
FHA 1 Business Day 1 Business Day
FHA Combo DPA 1 Business Day 1 Business Day
VA 1 Business Day 1 Business Day
UDSA 1 Business Day 1 Business Day
Jumbo Plus / Manhattan / Malibu Plus / Monterey 1 Business Day 1 Business Day
Balboa / Venice / PRIME DSCR / Zuma / Newport Non-Conforming / Carmel Non-QM / ITIN 1 Business Day 1 Business Day
UNDERWRITING: REFINANCE
LOAN TYPE INITIAL DECISION CONDITION REVIEW
Locked Conforming 1 Business Day 1 Business Day
Unlocked Conforming 1 Business Das 1 Business Day
Locked FHA / Streamline / VA IRRRL / VA Cash-Out 1 Business Day 1 Business Day
Unlocked FHA / Streamline / VA IRRRL / VA Cash-Out 1 Business Day 1 Business Day
Locked USDA 1 Business Day 1 Business Day
Unlocked USDA 1 Business Day 1 Business Day
Jumbo Plus / Manhattan / Venice / Malibu Plus 1 Business Day 1 Business Day
Balboa / Venice / PRIME DSCR / Zuma / Newport Non-Conforming / Carmel / ITIN 1 Business Day 1 Business Day
Closed-End Second 1 Business Day 1 Business Day

  • For Initial Decisions, turn times begin the date loan was placed in Underwriting

  • For loans in Central and Eastern Time Zones, the cut off for Condition Review Requests is 3:00 PM ET

  • For loans in Mountain and Pacific Time Zones, the cut off for Condition Review Requests is 3:00 PM PT

  • Condition Review Requests made after the cut-off time will be considered received the following Business Day

  • For Loan Docs, turn times begin the date the loan is placed in Docs Ordered. (Note: The loan must be CTC, CD consented & valid Rate Lock to be placed in Docs Ordered.)

  • For Wet States, funding is confirmed once loan docs have been released.

  • Please Note:

  • Business Days are considered days that JMAC is open for business.

  • Lender may need until the end of business day to process request based on current turn times.

CLOSING
DEPARTMENT PURCHASE REFINANCE
Loan Docs 1 Business Day 1 Business Day
PURCHASING
DEPARTMENT PURCHASE REFINANCE
Initial Purchase Review (with JMAC Disclosures & Docs) 1 Business Day 1 Business Day
Initial Purchase Review (without JMAC Disclosures & Docs) 1-2 Business Days 1-2 Business Day
Purchase Condition Review 1 Business Day 1 Business Day

For additional questions, please contact your Account Executive or Account Manager.