Correspondent Turn Times

Effective for Friday 7/13/18
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 10 - July 3-4 days
Condition Review 12 - July 24-48 hours
Conventional - Closed Loan
Audit Review 10 - July 3-4 days
Condition Review 12 - July 24-48 hours
Non-Delegated Audit*
Conventional
Audit Review 10 - July 3-4 days
Condition Review 11 - July 48 hours
non-delegated*
Non-Agency
Appraisal Review 6 - July 5 days
Credit Audit - Non Delegated 9 - July 4-5 days
Funding Audit 9 - July 4-5 days
Condition Review 9 - July 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