CURRENT TURN TIMES |
||||||
CONVENTIONAL
|
PRODUCT |
LE/LOAN REGISTER |
INITIAL UW |
UW CONDITIONS RECEIVED |
||
| CONVENTIONAL/GOVERNMENT | 1 DAY | 2 DAYS | 3 DAYS | |||
| JUMBO | 1 DAY | 2 DAYS | 3 DAYS | |||
| SMART SERIES | 1 DAY | 2 DAYS | 3 DAYS | |||
| PROJECT REVIEW (CONDOS) | N/A | 3 DAYS | 3 DAYS | |||
| Last Updated: 01/17 at 9:20 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 includes the AM review.
NOTE: 90% of the loan turn times are represented in the above information.