TURN TIME EXPECTANCY
Due to the nature of our business turn times cannot be rushed or influenced by external deadlines. Furthermore, our turn times may fluctuate dramatically without prior notice. Turn times quoted upon submission, reflect that of files being approved on that day and are not forward looking, nor do they represent a guarantee of any kind. We are most susceptible to delays in the delivery of conditional approvals, but may also be impacted at any time during the transaction.
Please reference the chart below for our current turn times and please refrain from inquiring on status until the quoted turn times below have been exceeded.
Please Note: All prior to document and funding conditions are required to be sent together at one time to avoid delays.
Thank you very much for your cooperation.
|
Current
Turn Time Expectancy |
|
|
New Submissions: Initial Review,
Generation of Initial Disclosures & Loan Estimate "Coast 2
Coast Funding Group, Inc." Generated |
Approximately 1-2 Business Days (Effective Wednesday, November 29th, 2023) |
|
Underwriting Turn Times: (once
your file has cleared initial review and been disclosed) |
1-2 Business Days (Effective Wednesday, November 29th, 2023) |
|
Signing off of Prior to Documents & Funding Conditions: |
1-2 Business Days (Effective Wednesday, November 29th, 2023) |
|
Condominium/HOA Project Approval:
(ordered once all prior to document conditions have been satisfied) Required
on all investment properties and loans needing investor approval. |
Approximately 4-6 Business Days |
|
Generation of Loan Documents: |
1-2 Business Days (Effective Wednesday, November 29th, 2023) |
|
Check In Executed Loan Documents
& Assigning A Funder: (received from escrow/title) |
1-2 Business Days (Effective Wednesday, November 29th, 2023) |
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