turn times

TPO SETUP: Indexing and Disclosing: 24 hrs. DPA Direct by URW: 24-48 hrs.

TPO PRE UNDERWRITE AND UNDERWRITE: Jr. Uwer review of submission package for minimum required docs 24 hrs. QM Initial Conditional Approval from the underwriter once a complete package is received 48 hrs. Jumbo’s are quoted at 2-3 business days, NON QM 2-3 business days. Symmetry is 1-2 business days for conditional approval and 1 business day for CTC. DPA Direct by URW and TBD’s are 48-72 hrs. URW PTD / Resubmittal review is 24 – 48 hrs.

**For all files put on hold by the Jr. Uwer, turn time for initial approval starts once all requested items are received**

TPO CLOSING: CD, Docs, Funding 24 hrs.

Important dates to note this month:

April 5th 2024 – Last day to fund a Government loan with March docs and May 1st payment date.

April 10th 2024 – Last day to fund a Conventional loan with March docs and May 1st payment date.

April 16th 2024 – Last day to disclose an Owner Occ Refi and still close in April. Purchases and refi’s with no rescission push this out to 4/19. 

April 22nd 2024 – Last day to sign a CD to start the 3 day wait period on an Owner Occ Refi and still fund this month. Must sign docs by 4/25 as well to fund 4/30.

April 26th 2024 – Last day to sign a CD on a purchase, or refi with no rescission, and still fund this month.

April 30th 2024 – Last day to fund in April. All docs received 4/29 or sooner with rescission up (or no rescission) will fund by 4/30 if everyone is ready condition wise. Docs received 4/30 before 10am PST are best efforts for same day funding.