All Turn Times are Approximate and Updated Daily.

Product Loan Register Initial UW Conditions Received Closing (Docs Out)
Lights Out LE Accepted with Changes UW Clear 75%+ Received
Conv/Gov
Purchase
1 Hour 2 Days 5 Days 2 Days 5 Days 2 Days
Conv/Gov
Refinance
1 Hour 2 Days 11 Days 2 Days 5 Days 2 Days
 

Project Review (Condo) Purchase

N/A  N/A 9 Days 7 Days N/A

Project Review Refinance

N/A N/A 9 Days 7 Days N/A

Last Updated:  November 25, 2020 at 9:37 am ET

 

How Turn Times Are Determined

Turn times are estimated on the day's loan volume. For additional questions about turn times, please contact your Account Executive.

Loan Register: The number of business days to register/disclose a loan after it is submitted on LION (NewRez’s broker web portal) and an LE is created.

Initial UW Review: The number of business days for an underwriter to complete initial review of the file after the loan is registered.

UW Conditions Received: The number of business days for an underwriter to review conditions uploaded after the Initial UW Review. The turn times published for conditions review include the Account Manager (AM) review.

Closing: The number of business days for the assigned Closer to complete the final loan review and send closing documents.

NOTE: 90% of the loan turn times are represented in the above information.