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 On5/22/2015
Purchases Submitted On5/27/2015
Refinances Submitted On5/27/2015
PCM Announcements  
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UPDATED PCM LOCK EXTENSION POLICIES:
(13 March 2015)


We've updated the extension parameters on our Wholesale Lock Policy and Correspondent Lock Policy.

Highlights:
Initial lock extensions will be 0.125% for 7 days, 0.25% for 14 days, 0.375% for 21 days and a maximum 0.50% for 28 days. Any subsequent extension will be 0.25% for 7 days, 0.375% for 14 days and 0.50% for 21 days. The maximum amount a loan can be extended is 28 days (after 28 days the relock policy applies).
Please note: All loans must be extended prior to expiration.

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PCM OVERLAY MATRIX:
(4 March 2015)


PCM has dropped the program guidelines for several products and replaced them with one PCM Overlay Matrix.

The ONLY program guidelines still in effect are:
- Non-Agency Jumbo
- FHA 203K Streamline
- Condo
- Non-Warrantable Condo

Access the PCM Overlay Matrix and current guides under the "Guidelines" tab above.