NDC Turn Times

Loan Setup Purchase / Refinance
New Submission In by 12PM PST (3PM EST)
On Hold/Trailing Items 24 Hours
Loan Setup cutoff is 12PM PST (3PM EST).  Any files submitted after this time will be assigned the next business day for initial review.

Underwriting - New Submission Purchase Refinance
Conforming 1 Day 4 Days
FHA Full Doc 1 Day 4 Days
VA Full Doc** 1 Day 4 Days
FHA Streamline* N/A 4 Days
VA IRRRL** N/A 1 Day
Renovation 1 Day 4 Days
Jumbo 1 Day 4 Days
5+ Properties on Schedule REO 2 Days 5 Days
Multiple Loans for 1 Borrower 5 Days 5 Days
*VA IRRRL and FHA Streamline loans submitted as credit qualifying will be subject to Full Doc turn times
** VA Full Doc and VA IRRRL loans submitted with loan amounts greater than $1 million may require up to 72 Hours additional review time

Underwriting - Condition Reviews Purchase Refinance
Submitted for Final Purchase Commitment - Agency 2 Days 2 Days
Submitted for Final Purchase Commitment - Jumbo Advantage 2 Days 2 Days
Submitted for Partial Conditions - Agency 2 Days 3 Days
Submitted for Partial Conditions - Jumbo Advantage 2 Days 3 Days
Condo Reviews (LDW Condo Desk) 2 Days 2 Days
Escalation Review 1 Day 1 Day
Submitted for Appraisal Only* 2 Days 2 Days
Underwriting cutoff is 3PM local time zone.  Any submission after 3PM local time zone will be counted as submitted next business day for SLA purposes. Underwriting turn times are displayed as the date of files we are currently working on (business days only) and are intended to be a general indicator or estimate of the time it will take to issue an initial decision or review loan conditions.  The actual turn times may vary depending on the complexity of the loan.  Turn times are subject to change at any time.
 *VA appraisals will be reviewed within turn time, but will not be cleared until NOV is issued    

Purchasing* Purchase Refinance
Initial Closing Package Review 1 Day 1 Day
Purchase Conditions Review 1 Day 1 Day
Purchase Wire Cutoff 2:00PM CST 2:00PM CST
*Turn Times starts at time the original collateral package is delivered to our custodian and the soft package is delivered to LDW.
**Information obtained at purchasing resulting in the file back to UW'ing will result in additional turn time for the UW.    

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