May 20th. 2009
Hmmmmmmmm Current Turn Times
(business days)
Maximum 5 - 7 days = Purchases
Refinances = 30 days maybe faster
Conditions = 3 - 4 days
NDC = 7- 8 days
Current Lock Terms
60 days for forthcoming loans must be delivered to MetLife
within 12 business day to guarantee lock
60 days for loans already submitted with no loan determination issue
45 - 60 days locks for loans reviewed, loan determinations issued
requiring Desk Reviews, Field Reviews or Extensive Conditions
30 days locks when loan reviewed, determination issued and conditions minimal
Pricing is .125 difference between lock terms
For use by MetLife Approved Brokers only and
are subject to improvement without prior notice
Rita Kama-Kimura
Wholesale Account Representative
(808) 275-8006 direct
(808) 864-0520 cellular
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