Questions? Feedback? powered by Olark live chat software

UPDATED 4/26/2018

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**
Conforming 1 Business Day 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 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.

** Purchase Conditions for Conforming and Government Products received before 10:00 am PST will be reviewed same 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 3 Business Days
Non-Delegated Investor Review
Sunset 4 Business Days
Newport 4 Business Days
Laguna 2 Business Days*
CLOSING
DEPARTMENT PURCHASE REFINANCE
Docs Same Business Day* Same Business Day
- 1 Business Day*
Funding Same Business Day** Same Business Day
- 1 Business Day**
FHA STREAMLINE CUT OFF DATES
Last Day to Submit April 13
Last Day to Submit Conditions April 18
Last Day to Request a Closing Disclosure April 20
Last Day to Put File in Line for Docs April 23
Last Day to Accept Docs for Funding April 25
Last Day to Fund April 27

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

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.