CURRENT TURN TIMES |
|||||
CONVENTIONAL
|
PRODUCT |
LE/LOAN REGISTER |
INITIAL UW |
UW CONDITIONS RECEIVED |
|
| CONVENTIONAL/GOVERNMENT | 1 DAY | 5 DAYS | 4 DAYS | ||
| JUMBO | 1 DAY | 4 DAYS | 5 DAYS | ||
| SMART SERIES | 1 DAY | 6 DAYS | 6 DAYS | ||
| PROJECT REVIEW (CONDOS) | N/A | 6 DAYS | 6 DAYS | ||
| Last Updated: 05/22 at 9:45 AM | |||||
Loan Register: The number of business days it will take to register/disclose loan after submitted on NRZ's broker web portal LION and LE created.
Initial UW: The number of business days for an UW to complete initial review of the file after the loan is registered.
UW Conditions Received: The number of business days for an UW to review conditions uploaded after the Initial UW. The turn times published for conditions review is once submitted to underwriting and the AM has 24 hours to review.
NOTE: 90% of the loan turn times are represented in the above information.