WHOLESALE 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.
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 | Same Day | Same Day |
Closing Disclosure (Prior to Clear-to-Close) | 1 Business Day | 1 Business Day |
Closing Disclosure (Clear-to-Close) | 1 Business Day | 1 Business Day |
UNDERWRITING: PURCHASE | ||
---|---|---|
LOAN TYPE | INITIAL DECISION | CONDITION REVIEW |
Conforming | 1-2 Business Days | 1 Business Day |
FHA | 1-2 Business Days | 1 Business Day |
VA | 2 Business Days | 1 Business Day |
USDA | 2 Business Days | 1 Business Day |
Conforming CRA | 2 Business Days | 2 Business Days |
JumboPlus / Manhattan / Malibu Plus / Monterey | 2 Business Days | 2 Business Days |
Malibu / Venice / Zuma Non-QM / ITIN | 2 Business Days | 2 Business Days |
UNDERWRITING: REFINANCE | ||
---|---|---|
LOAN TYPE | INITIAL DECISION | CONDITION REVIEW |
Locked Conforming | 2 Business Days | 1 Business Day |
Unlocked Conforming | 2 Business Days | 1 Business Day |
FHA / Streamline / VA IRRRL | 2 Business Days | 1 Business Day |
VA Cash-Out | 2 Business Days | 1 Business Days |
USDA | 3 Business Days | 1 Business Days |
JumboPlus / Manhattan / Malibu Plus / Monterey | 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 | 1 Business Day | 1 Business Day |
Funding Conditions | Same Day | 1 Business Day |
For additional questions, please contact your Account Executive.