Delegated Correspondent Turn Time (Business Days)
| Service Type | Conventional | Government | Non-Agency |
|---|---|---|---|
| Closed Loan Submission | |||
| Closed Loan Review | 3-4 | 3-4 | 4-5 |
| Suspense Condition Review | 1-2 | 1-2 | 1-2 |
| Purchase | 1 | 1 | 2-3 |
| PHH Services | |||
| Non-Agency Deal Desk | N/A | N/A | 1 |
| Loan Level Inquiries | 1-2 | 1-2 | 1-2 |
Non-Delegated Correspondent Turn Time (Business Days)
| Service Type | Conventional | Government | Non-Agency |
|---|---|---|---|
| New Underwriting Submission | |||
| Initial Decision | 2-3 | 2-3 | 2-3 |
| Underwriting Conditions | |||
| Resubmission | 1-2 | 1-2 | 1-2 |
| Clear to Close | 1-2 | 1-2 | 1-2 |
| Closed Loan Submission | |||
| Closed Loan Review | 2-3 | 2-3 | 4-5 |
| Suspense Condition Review | 1-2 | 1-2 | 2-3 |
| Purchase | 1 | 1 | 2-3 |
| PHH Services | |||
| Non-Agency Deal Desk | N/A | N/A | 1 |
| Loan Level Inquiries | 1-2 | 1-2 | 1-2 |