Reverse Mortgage Branch Turn Times

Current Turn Times as of*

8/12/2025

Set Up received on8/11/2025
HECM Refi Underwriting received on8/7/2025
HECM Refi Conditions received on8/11/2025
HECM Purchase Underwriting received on8/11/2025
HECM Purchase Conditions received on8/11/2025
Docs48 hours
Funding24 hours
Purchase Review24 hours
Notes
The above turn times apply once a complete package or conditions for underwriting is received and accepted by the underwriting department.

Please submit all conditions at one time so your submission will not be delayed.

Turn times are subject to change at any time.

Thank you for your business!

Project Standards

Scenarios/Inquiries
1 business day
Fannie Mae/Freddie Mac Approved   
1 business day
Conditions2 business days
Conventional 3 business days
Non-QM3 business days
Co-Op3 business days

FHA
2 business days - Loan Level (HUD Approved)
4 business days - Single-Unit Approval
7 business days - DELRAP/HRAP
Note: HRAP may take up to an additional 30 business days once the submission is received by HUD

VA
2 business days - Loan Level (VA Approved)
4 business days - Unapproved
Note: Unapproved condos may take up to an additional 15 business days once the submission is received by VA
Note: Submissions received after 3pm local time are considered next business day.

* Turn times are subject to change without notice.