***Turn Times are subject to change and estimated based on the majority of loan files. If you have questions regarding the status of your loan reach out to your assigned processor or Lendersupport@onqfinancial.com
Correspondent Turn Times
|
Initial Submission
|
|
|---|---|
|
Initial Submission Intake/Set-up
|
Same day
|
|
Underwriting Turn Times
|
||
|---|---|---|
|
Product
|
Initial
|
Conditions
|
|
Conventional
|
5/15
|
5/15
|
|
FHA
|
5/15
|
5/15
|
|
VA
|
5/15
|
5/15
|
|
USDA
|
5/15
|
5/15
|
|
VA IRRRL
|
5/15
|
5/15
|
|
Processing Condition Review
|
Same Day
|
|---|---|
|
Prepurchase Review/Due Diligence Team
|
|
|---|---|
|
Closed Loan Package Intake/Set-Up
|
5/15
|
|
Initial Pre-Purchase Review
|
5/15
|
|
Pre-Purchase Condition Review
|
5/15
|
|
Last Updated: 2023-05-15
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