CUTOFF TIMES:
Purchases: Cutoff time for next day signing is:
3:00pm local time
Refinances: Cuttoff time for next day signing is:
12:00pm local time
CURRENT UNDERWRITING DATES:
Jumbo Submitted On9/1/2015
Purchases Submitted On9/2/2015
Refinances Submitted On9/2/2015
PCM Announcements  
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UPDATED GUIDELINES:
(14 July 2015)


We've updated our Proprietary Jumbo guidelines!

Take a look at a summary of changes below, or view the whole guidelines here.

Summary of changes:
- Modified reserve requirement for high LTV Jumbo to 24 months.
- Added Non-Warrantable Condominium restriction to gifts of equity.
- New section added for life insurance requirements.
- Modified CDA tolerance for High LTV Jumbo.
- Changed LTV/CLTV restriction for PUDs from 80% to 90%.
- Removed subordinate lien restriction for purchase-money transactions in Texas.