loanDepot Wholesale Turn Times - West Coast

Loan Setup Purchase Refinance
New Submissions- Portal LE 24 Hours 24 Hours
New Submissions- Broker LE 24 Hours 24 Hours
Re-Applications 24 Hours 24 Hours
On Hold/Trailing Items 24 Hours 24 Hours
Loan Setup cutoff is 11AM PST (2PM EST). Any submissions after 11AM PST (2PM EST) will be counted as submitted next business day for SLA purposes.

Underwriting - New Submissions Purchase Refinance
Conforming 1 Day 2 Days
FHA Full Doc/FHA 203k 1 Day 2 Days
VA Full Doc 1 Day 2 Days
FHA Streamline* N/A 2 Days
VA IRRRL** N/A 2 Days
Jumbo/Non-agency Products 4 Days 4 Days
Purchase Advantage N/A N/A
Equity Access N/A N/A
5+ Properties on Schedule REO 2 Days 2 Days
Multiple Loans for 1 Borrower 2 Days 2 Days
*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 1 Day 1 Day
Submitted for Appraisal Only/Partial Condition 2 Days 1 Day
Condo Reviews (Condo Desk) 1 Day 1 Day
Escalation Reviews 1 Day 1 Day
Renovation Reviews (Renovation Desk) N/A N/A
*All non-agency products are subject to additional review time and may require up to an additional 72 hours.
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.

Account Manager Purchase Refinance
Condition Review - Refinance only* N/A 1 Day
Final Approval Review - Refinance only* N/A 1 Day
*All purchase transactions are treated as Express Conditions which are automatically submitted to the Underwriter when ready for review in the Broker portal. Refinance conditions are pre-reviewed by your assigned Account Manager prior to submission to Underwriting.

Closing - CD's Purchase Refinance
Draft CD's from time sent to Closing Coordinator

24 Hours from time sent
to Closing Coordinator if
received prior to 3pm PST

48 Hours from time sent
to Closing Coordinator if
received prior to 3pm PST
Issuance of initial CD (from Fees accepted) Same day if fees approved prior to 3:00pm PST Same day if fees approved prior to 3:00pm PST

Closing - DOC Orders Purchase Refinance
Doc Request after Final approval 24 hours from Final approval/eConsent/signing date 48 hours prior to signing date

Funding Reviews Purchase Refinance
Funding Review - Purchase - Dry 24 Hours N/A
Funding Review - Purchase - Wet State Time of review within 1 hour of email notification of funding docs received between 8am and 3pm PST N/A
Funding Review - Refi w/NORTC - Wet and Dry States N/A Dry: 48 hours Wet w/NORTC: 24 hours; send when borrower signs
Wire Cutoff 1:30pm PST 1:30pm PST

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