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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.

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Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5
VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.
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Equal Housing Opportunity 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: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

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