Turn Times
| LOAN TYPE | INITIAL UW | CONDITIONS | CTC |
| Conventional | 2 Days | 2 Days | 1 Day |
| FHA* | 2 Days | 2 Days | 1 Day |
| USDA* | 2 Days | 2 Days | 1 Day |
| VA | 2 Days | 2 Days | 1 Day |
| Non-QM | 3 Days | 3 Days | 1 Day |
INITIAL UNDERWRITING
For newly submitted loan applications that are moved to Underwriting status by 3 PM local time, the next business day will count as the first day of the stated turn time; loan will be underwritten by end of business on the day indicated by the stated turn time. New submissions moved to Underwriting status after 3 PM local time or on a weekend or holiday will be treated as though they were uploaded the following business day.
CONDITIONS/CLEAR TO CLOSE (CTC)
The following business day represents the first day of the stated turn time for condition packages uploaded before 3 PM local time, and the loan will be underwritten by end of business on the day indicated by the stated turn time. If condition packages are uploaded after 3 PM local time, it will be treated as though it was uploaded the following business day.
Turn times are estimates and may vary depending on certain factors such as daily loan volume.
* Turn times for USDA and FHA 203K loans may vary.
Government Agency Approvals
24751-0000-5
902324-00-00
Mortgagee/Loss Payee Clause
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408
An Equal Housing Opportunity Lender. Copyright 2007 -
2024
. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: