CORRESPONDENT TURN TIMES
Turn times are intended to be an estimate of when work will be completed based on daily volume and are subject to change.
Business Days are considered days JMAC is open for business. Normal Business Hours are from 8:00 AM – 5:00 PM PST.
Conditions review requests received after 3:00 PM PST will be considered received the following Business Day.
Same Day Turn will apply to requests made before 3:00 PM PST.
| SUBMISSIONS & DISCLOSURES | ||
|---|---|---|
| TYPE | PURCHASE | REFINANCE |
| Submission / Initial Disclosure | 1 Business Day | 1 Business Day |
| Closing Disclosure (Prior to Clear-to-Close) | 1 Business Day | 1 Business Day |
| Closing Disclosure (Clear-to-Close) | 2 Business Days | 2 Business Days |
| UNDERWRITING: PURCHASE | ||
|---|---|---|
| LOAN TYPE | INITIAL DECISION | CONDITION REVIEW |
| Conforming | 1 Business Day | 1 Business Day |
| JumboPlus / Manhattan / Malibu Plus / Monterey | 2 Business Days | 2 Business Days |
| Malibu / Venice / Zuma Non-QM / ITIN | 2 Business Day | 2 Business Days |
| UNDERWRITING: REFINANCE | ||
|---|---|---|
| LOAN TYPE | INITIAL DECISION | CONDITION REVIEW |
| Locked Conforming | 1 Business Day | 1 Business Day |
| Unlocked Conforming | 1 Business Day | 1 Business Day | JumboPlus / Manhattan / Venice / Malibu Plus | 3 Business Days | 2 Business Days |
| Malibu / Venice / Zuma / ITIN | 3 Business Days | 2 Business Days | Closed-End Second | 3 Business Days | 2 Business Days |
| CLOSING | ||
|---|---|---|
| DEPARTMENT | PURCHASE | REFINANCE |
| Loan Docs (with JMAC Disclosures) | 1 Business Day | 1 Business Day |
| Loan Docs (without JMAC Disclosures) | 2 Business Days | 2 Business Day |
| PURCHASING | ||
|---|---|---|
| DEPARTMENT | PURCHASE | REFINANCE |
| Purchase Review (with JMAC Disclosures & Docs) | 3 Business Days | 3 Business Days |
| Purchase Review (without JMAC Disclosures & Docs) | 3 Business Days | 3 Business Day |
For additional questions, please contact your Account Executive.