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 1 Business Day 1 Business Day
Closing Disclosure (Prior to Clear-to-Close) 1 Business Day 1 Business Day
Closing Disclosure (Clear-to-Close) 1 Business Day 2 Business Days

  • For Submission Requests, same day turn times apply to requests made before 3:00 PM PT

  • For loans in Central and Eastern Time Zones, the cut off for Closing Disclosure Requests is 2:00 PM PT

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

  • 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 1-2 Business Days 2 Business Days
VA 1-2 Business Days 2 Business Days
Jumbo Plus / Manhattan / Malibu Plus / Monterey 3 Business Days 2 Business Days
Balboa / Venice / Zuma Non-QM / ITIN 3 Business Day 2 Business Days
UNDERWRITING: REFINANCE
LOAN TYPE INITIAL DECISION CONDITION REVIEW
Locked Conforming 2 Business Days 1 Business Day
Unlocked Conforming 1 Business Day 1 Business Day
FHA / Streamline / VA IRRRL 2-3 Business Days 2 Business Day
VA Cash-Out 2-3 Business Days 2 Business Day
Jumbo Plus / Manhattan / Venice / Malibu Plus 4 Business Days 2 Business Days
Balboa / Venice / Zuma / ITIN 4 Business Days 2 Business Days
Closed-End Second 4 Business Days 2 Business Days

  • 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 2:00 PM PT

  • 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 1-2 Business Days 1-2 Business Days
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 or Account Manager.