| Process steps | Description | Business Days | |
|---|---|---|---|
| 1 | Broker Approval | Become an Approved Broker | 1 |
| * Incomplete Package Submission | Extended | ||
| 2 | Disclosure Processing | Initial Disclosures | 1 - 2 |
| * Incomplete File Submission in Portal | Extended | ||
| 3 | Underwriting | Pre-screen Bank Statement Income Analysis | 1 |
| Initial Underwriting, Purchase | 2 - 3 | ||
| Initial Underwriting, Refinance | 2 - 3 | ||
| Underwriting Suspense Review | 1 - 2 | ||
| 2nd Sign Review for Initial Approval | 1 - 2 | ||
| Condition Review (Cut-Off: 3:00 PM PST) |
1 - 2 | ||
| New Appraisal Review | 2 - 4 | ||
| Appraisal Condition Review | 2 - 4 | ||
| Re-Work | 1 - 2 | ||
| 4 | Account Management | Review Conditions & Feedback (Cut-Off: 12:00 PM PST) |
1 |
| * Incomplete PTD Conditions | Extended | ||
| 5 | Closing | Initial CD’s (TRID) | 1 |
| CD/HUD Balancing | 1 | ||
| Loan Docs Out | 2 - 3 | ||
| Loan Docs Out, Closing in Entity | 2 - 3 | ||
| 6 | Funding |
Final Closing Package Review (Cut-Off: 11:30 AM PST) |
1 |
Docs requested after cutoff (12PM wet states and 3PM dry states) will be assigned the next business day
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