Updated Friday, June 11th 2021

DISCLOSURES & SUBMISSIONS

TYPE PURCHASE / JUMBO REFINANCE CTC
Submission / LE 24 Hours* 1-2 Business Day* N/A
Closing Disclosure 1 Business Day* 1 Business Day* 1-2 Business Day*

*All complete PTD condition request after 3:00pm PDT will be logged for the following day.

From time the full package is received.

UNDERWRITING

PURCHASE

LOAN TYPE INITIAL DECISION CONDITION REVIEW
Agency (MAX Loans) 12 Hours 1-2 Business Days*
Agency (Non-MAX Loans) 2-3 Business Days 2-3 Business Days
FHA 3 Business Days 4 Business Days
VA 3 Business Days 4 Business Days

REFINANCE

LOAN TYPE INITIAL DECISION CONDITION REVIEW
Agency (MAX Loans) 12 Hours 1-2 Business Days*
Agency (Non-MAX Loans) 2-3 Business Days 2-3 Business Days
FHA 5 Business Days 4 Business Days
VA 5 Business Days 4 Business Days

DELEGATED PROGRAMS

LOAN TYPE INITIAL DECISION CONDITION REVIEW PREDOC QC
PLATINUM JUMBO Purchase
1-2 Business Days
Purchase
1-2 Business Days
Purchase
1-2 Business Days
Refinance
1-2 Business Days
Refinance
1-2 Business Days
Refinance
1-2 Business Days

NON QM PROGRAMS

LOAN TYPE INITIAL DECISION CONDITION REVIEW PREDOC QC
NON QM PROGRAMS Purchase
1-2 Business Days
Purchase
2-3 Business Days
Purchase
2-3 Business Days
Refinance
1-2 Business Days
Refinance
2-3 Business Days
Refinance
2-3 Business Days

CLOSING

DEPARTMENT PURCHASE JUMBO REFINANCE
Docs 1 Business Day* 1 Business Day* 1-2 Business Days*
Funding – Agency/FHA/VA 1 Business Day 1 Business Day 1-2 Business Days

*Please Note: Docs ordered turn around time starts when loan is in CTC status and signed initial CD is uploaded in the system. Funding conditions turn time is based on the day, not the hour, of receipt of loan docs. Any docs received after 3:00 pm would be logged for the following day and turn time would be for the day after that.
Turnaround times will be updated daily at approximately 9:00 am Pacific Daylight Time.

Mega Capital Funding, Inc.’s cutoff time for lock is dependent on the program. Please refer to the lock policy for cut off times.