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UPDATED 6/22/2018

DISCLOSURES & SUBMISSIONS
TYPE PURCHASE REFINANCE
COC LE/CD 1 Business Day* 1 Business Day*
Submission Same Business Day* Same Business Day*
Closing Disclosure Same Business Day* Same Business Day*

*All requests after 3:00 pm PST will be logged for the following day.

PURCHASE
LOAN TYPE INITIAL DECISION CONDITION REVIEW**
Conforming 1 Business Day 1 Business Day
Unlocked Conforming 1 Business Day 1 Business Day
Non-Conforming 2 Business Days 2 Business Days
FHA 1 Business Day 1 Business Day
VA 1 Business Day 1 Business Day
USDA 1 Business Day 1 Business Day
REFINANCE
LOAN TYPE INITIAL DECISION CONDITION REVIEW**
Locked Conforming 2 Business Days 1 Business Day
Unlocked Conforming 2 Business Days 2 Business Days
Locked Non-Conforming 2-3 Business Days 2 Business Days
Unlocked Non-Conforming 4 Business Days 3 Business Days
FHA 2 Business Days 1 Business Day
FHA Streamline 2 Business Days 1 Business Day
VA 2 Business Days 1 Business Day
VA IRRRL 2 Business Days 1 Business Day
USDA 2 Business Days 1 Business Day

*Non-Conforming turn times are based on receipt of full package. Turn times is based on the "In-Underwriting" date, not the "Submitted" date. Initial Decisions may take longer for borrowers with more than one submitted file.

*The Cut off time for submissions is 3:00 pm PST.
The cut off time for conditions review is 5:00 pm PST.
Tasks resolved after these times will be logged for the following day.

**USDA loans require review and approval by the USDA state office where the property is located once all PTD’s are cleared. A CTC cannot be issued until a conditional commitment is received. USDA review turn times widely vary by state; contact your local USDA office for review turn times.

DELEGATED QC TURN TIMES
Manhattan 2 Business Days
Laguna (Delegated) 2 Business Days
Newport (Delegated) 2 Business Days
Malibu 2 Business Days
Venice 4 Business Days
NON-DELEGATED INVESTOR REVIEW
Sunset 4 Business Days
Newport 4 Business Days
Laguna 4 Business Days*
CLOSING
DEPARTMENT PURCHASE REFINANCE
Docs Same Business Day* 1 Business Day*
Funding Same Business Day** 1 Business Day**

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

*Returned doc package received after 3:00 pm PST will be reviewed the following day.

**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 5:00 pm PST, then they will be reviewed by the end of the business day the following day. Any docs received after 5:00 pm PST would be logged for the following day and turn time would be for the day after that.


CORRESPONDENT TURN TIMES

PURCHASE REVIEW
Non-Delegated 2 Business Days
NON-DELEGATED UNDERWRITING REVIEW
Conforming 1 Business Day (Purchase)
2 Business Days (Refinance)
Government 1 Business Day (Purchase)
2 Business Days (Refinance)
Laguna & Manhattan 2 Business Days (Purchase)
2 Business Days (Refinance)
Newport, Sunset & Venice 2 Business Days (Purchase)
2 Business Days (Refinance)
NON-DELEGATED CONDITION REVIEW
Locked Conforming 1 Business Day (Purchase)
1 Business Day (Refinance)
Unlocked Conforming 1 Business Day (Purchase)
2 Business Days (Refinance)
Government 1 Business Day (Purchase)
2 Business Days (Refinance)
Laguna & Manhattan 2 Business Days (Purchase)
2 Business Days (Refinance)
Newport, Sunset & Venice 2 Business Days (Purchase)
2 Business Days (Refinance)
CORRESPONDENT PURCHASE REVIEW
Non-Delegated 2 - 3 Business Days
FHA STREAMLINE CUT OFF DATES
Last Day to Submit June 15
Last Day to Submit Conditions June 19
Last Day to Request a Closing Disclosure June 21
Last Day to Put File in Line for Docs June 22
Last Day to Accept Docs for Funding June 26
Last Day to Fund June 28

Turnaround times will be updated daily at approximately 9:00 am PST.

JMAC Lending Inc.'s cutoff time for locking is 4:00 pm PST. 

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