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 On||1/27/2015|
|Purchases Submitted On||1/27/2015|
|Refinances Submitted On||1/26/2015|
NEW FHA DISCLOSURES REQUIRED:
(21 Jan 2015)
Effective for all FHA loans closed on or after January 21, 2015, the following forms must be completed and included with the loan file.
1.) Informed Consumer Choice Disclosure
2.) 92900B Important Notices to Homebuyers
HUD CASE NUMBER CANCELLATION DETAILS:
(20 Jan 2015)
U.S. Dept HUD reissued Mortgagee Letter 15-01 on January 16, 2015, making the following clarifications:
1.) If a case number is not currently assigned, it is NOT necessary to order a case number just to order the appraisal. The appraisal can be ordered prior to the case number assignment through January 26th.
2.) If the appraisal has already been completed with the old (cancelled) case number, the new case number does NOT have to be added to the appraisal.
3.) If the appraisal is ordered WITHOUT a case number, the new case number must be added to the appraisal as soon as it is available.
View HUD's Mortgagee Cancellation Instructions.
Please contact your PCM Account Executive with questions