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CUT-OFF TIMES:
All files cleared for the CD and submitted to the Closing Department before 12:00pm local time will guarantee the CD to be sent out the next business day.
For Closing Packages, the cut-off times are:
Purchases: 3:00pm local time
Refinances:12:00pm local time
CURRENT UNDERWRITING DATES:
Jumbo Submitted On7/20/2016
Purchases Submitted On7/19/2016
Refinances Submitted On7/15/2016
PCM Announcements  
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17 June 2016
Joint Access Letters


PCM no longer requires joint access letters on accounts jointly held by married couples or life/domestic partners when not required by agency or program guidelines. (NOTE: FHA still requires joint access letters for accounts held jointly by a non-borrowing individual regardless of relationship.)



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16 June 2016
Home Possible Advantage and MI Changes


Effective July 1, 2016 Freddie Mac will be increasing MI coverage requirements on Home Possible Advantage loans from 18% to 25%. In order to meet delivery deadlines, PCM will require 25% MI coverage amounts on all Home Possible Advantage files closing on or after 15 June 2016.