Correspondent Turn Times

Effective for Monday 10/9/17
Visit our new website cmgfi.com - Correspondent Lending and look in the Seller Resources tab to find up to date guidelines, program matricies, submission checklist and many other valuable tools.
 
DELEGATED AUDIT
FHA/VA - Closed Loan
Audit Review 4 - Oct 72 hours
Condition Review 6 - Oct 24-48 hours
Conventional - Closed Loan
Audit Review 4 - Oct 72 hours
Condition Review 6 - Oct 24-48 hours
Non-Delegated Audit*
Conventional
Audit Review 4 - Oct 72 hours
Condition Review 6 - Oct 48 hours
non-delegated*
Non-Agency
Appraisal Review 2 - Oct 5 days
Credit Audit - Non Delegated 4 - Oct 72 hours
Funding Audit 4 - Oct 72 hours
Condition Review 4 - Oct 72 hours
 
IMPORTANT NOTE:

Turn times are based on date of receipt of submission package via CMG Financial website.
Please upload the submission package based on the Loan Submission Form provided on the Seller Resources - Forms tab or on the Webtrac Dashboard.
* Non delegated audits are available for Harp, Non-Agency loans (available on Conventional on a case by case basis). Non delegated audits are not available for transactions in New York or Government loans.

Wednesday