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loanDepot Wholesale Turn Times - West Coast

Loan Setup	Purchase	Refinance
New Submissions	2 Business Days	4 Business Days
On Hold / Trailing Items	1 Business Day	1 Business Day

Underwriting - New Submissions	Purchase	Refinance
Conforming	2 Days	8 Days
FHA Full Doc	2 Days	8 Days
VA Full Doc	2 Days	8 Days
FHA Streamline*	N/A	1 Day
VA IRRRL**	N/A	1 Day
Renovation	2 Days	8 Days
Jumbo/Non-Agency Products	2 Days	8 Days
Purchase Advantage (TBD)	Contact Your Account Executive	N/A
Equity Access 2nd	2 Days	8 Days
5+ Properties on Schedule REO	Contact Your Account Executive	Contact Your Account Executive
Multiple Loans for 1 Borrower	Contact Your Account Executive	Contact Your Account Executive
*VA IRRRL & 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 Approval - Agency	1 Day	2 Days
Submitted for Final Approval - Jumbo Advantage	1 Day	2 Days
Submitted for Final Approval - 40 Year I/O	4 Days	4 Days
Submitted for Appraisal Only/Partial Condition - Agency	2 Days	8 Days
Submitted for Appraisal Only/Partial Condition - Jumbo Advantage	2 Days	8 Days
Submitted for Appraisal Only/Partial Condition - 40 Year I/O	4 Days	8 Days
Condo Reviews (Condo Desk)	2 Days	2 Days
Escalation Reviews	1 Day	1 Day
Renovation Reviews (Renovation Desk)	1 Day	1 Day
Underwriting cutoff is 3PM local time zone. Any submissions 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.

Closing - CD's	Purchase	Refinance
Draft CD	Next business day from requested date	Next business day from requested date
CD Sent	Same day if fees approved prior to 12:00PM Pacific	Fees approved after 12:00PM Pacific - next business day
CD Express	Next business day from requested date	Next business day from requested date

Closing - Doc Order	Purchase / Refinance
Docs	All Rescission and Dry Non-Rescission request out 24 Hours prior to the Closing date/time
	Wet and Non-Rescission Doc request must be in 2 business days prior to the Closing date**
	**Docs out day before the Closing date
	**Wire out day before the Closing date
	Wet: Closing can occur 48 Hours after: CD eConsent, Final Approval, and Closing Confirmation received

Funding Review	Non-Rescission	Rescission
Funding Review - Dry State	In by 9AM Pacific, reviewed same day	1 business day after receipt
Funding Review - Wet State	N/A	1 business day after receipt