Correspondent Turn Times

Effective for Tuesday 10/23/18
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 19 - October 2-3 days
Condition Review 22 - October 24-48 hours
Conventional - Closed Loan
Audit Review 19 - October 2-3 days
Condition Review 22 - October 24-48 hours
Non-Delegated Audit*
Conventional
Audit Review 19 - October 2-3 days
Condition Review 19 - October 48 hours
non-delegated*
Non-Agency
Appraisal Review 16 - October 5 days
Credit Audit - Non Delegated 17 - October 4-5 days
Funding Audit 17 - October 4-5 days
Condition Review 17 - October 4-5 days
 
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