Turn Times

Transaction Type	Initial Disclosure	Loan Set Up and UW	Condition Review	Initial CD (Unbalanced)	Initial CD (Balanced)*	Closing Documents*
Purchase / Priority Path Refi.	0-1 days	1-2 days	0-1 days	0-1 days	1-2 days	1-2 days
Refinance		2-3 days

General Notes

• Requests received after 5 PM ET are considered received the following business day
• The business day following receipt represents the first day of stated turn time

New Submission Underwriting Review

• Jumbo loans, multiple files for same borrower or other complex qualification factors may increase underwriting turn times

Closing / Funding

• Closer will be assigned and settlement agent contacted within one business day of Closing Document Request
• Closing Doc. completion and delivery are dependent on Broker and Settlement Agent engagement and approval of final fees
• Signing appointments inside stated turn times should remain flexible
• Purchase wires are released the day prior to disbursement date (when possible)
• Refinance wires are released the day of disbursement. Executed docs must be received by 2PM ET for same day wire.

Timeline Example 1
Doc Order Request received Monday at 1:00 PM ET with a two-day turn time. Closer to be assigned on Tuesday. Closing Docs. scheduled to be delivered by end of business Wednesday provided settlement agent has engaged and fully collaborated.

Timeline Example 2
Condition review request received Monday at 6:00 PM ET (post cutoff) with one-day turn time. Tuesday is considered day of receipt, Wednesday is day one of turn time and the deadline for work to be completed.