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UPDATED 11/12/2019

DISCLOSURES & SUBMISSIONS
TYPE PURCHASE REFINANCE
COC LE/CD 1 Business Day* 1 Business Day*
Submission Same Business Day* 1 Business Day*
Closing Disclosure Same Business Day* 1 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
Non-Conforming / Jumbo 3 Business Days 3 Business Days
Zuma / Bank Statement / DSCR 4 Business Days 3 Business Days
Government** 3 Business Days 1 Business Day
REFINANCE
LOAN TYPE INITIAL DECISION CONDITION REVIEW**
Locked Conforming 1-2 Business Days 1 Business Days
Unlocked Conforming 1-2 Business Days 1 Business Days
Non-Conforming / Jumbo 5 Business Days 3 Business Days
Zuma / Bank Statement / DSCR 5 Business Days 3 Business Days
Locked Government*** 5 Business Days 1 Business Day
Unlocked Government*** 6 Business Days 1 Business Day

*Turn times are estimated on the day’s loan volume, and subject to change based on submission volume. For additional questions about turn times, please contact your Account Executive.

*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.
The cut off time for conditions review in Hawaii is 7:00 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 2 Business Days
Newport 3 Business Days
Monterey 3 Business Days
Malibu 2 Business Days
NON-DELEGATED INVESTOR REVIEW
Zuma 4 Business Days
Sunset 4 Business Days
Newport 10-12 Business Days
Monterey 10-12 Business Days
Laguna 6 Business Days
CLOSING
DEPARTMENT PURCHASE REFINANCE
Docs 1 Business Day* 1-2 Business Days*
Funding 1 Business Day** 1-2 Business Days**

*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.