NOTE: Loan must utilize Express Disclosures through the mello portal AND fit all program criteria to qualify as an Express Lane loan. See informational hover notes below for details.
Loan Setup | Refinance |
---|---|
Express Setup | 1 Day |
Underwriting - New Submissions | Refinance |
---|---|
mello® Smart Loan | 4 Days |
LD Select | 4 Days |
VA IRRRL | 4 Days |
Underwriting - Final Approval | Refinance |
---|---|
mello® Smart Loan | 2 Days |
LD Select | 2 Days |
Loan Setup | Purchase | Refinance |
---|---|---|
Express Setup | 1 Day | 1 Day |
Standard Setup | 1 Day | 1 Day |
Condition Review | 1 Day | 1 Day |
Closing - CDs | Purchase | Refinance |
---|---|---|
CD Express | 2 Days | 4 Days |
Standard CD | 2 Days | 4 Days |
Closing - Docs Out | Purchase | Refinance |
---|---|---|
All Loans | 3 Days | 5 Days |
Closing - Signed Docs Back | Non-Rescission | Rescission |
---|---|---|
Funding Review - Dry State | 1 Day | 1 Day |
Funding Review - Wet State | N/A | 1 Day |
Purchasing (NDC) | Non-Rescission | Rescission |
---|---|---|
Initial Closing Package Review | 1 Day | 1 Day |
Purchase Condition Review | 1 Day | 1 Day |
Concierge Desks | Purchase | Refinance |
---|---|---|
Full Appraisal Reviews | 1 Day | 2 Days |
Transferred and NDC Appraisal Reviews | 2 Days | 2 Days |
Condo Project Reviews | 2 Days | 2 Days |
Renovation Desk | 1 Day | 1 Day |