1. Newrez Correspondent will be closed on Monday, September 7, 2026, in observance of Labor Day, and will resume normal business hours on Tuesday, September 8. Clients can still lock Best Effort Commitments via our client portal.

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Turn Times

Correspondent Funding Flow Turn Times

All times are approximate and updated daily

  New Submissions Conditions
Do Not Piecemeal conditions.  Submit all conditions at same time
Re-Subs / Suspense
Loan Setup 08/31/2026 08/31/2026 N/A
Underwriting: Conventional/Government 08/31/2026 08/31/2026 08/31/2026
Underwriting: 
ALL Non-Agency
08/31/2026 08/31/2026 08/31/2026
SmartSelf Initial
Income Calculations
08/31/2026
Project Reviews 
(Full Reviews)
08/31/2026 08/31/2026 N/A
Down Payment
Assistance Reviews
DPA Reviews on new loan submissions average 5 to 7 business days.
Post Funding
Adjustment Reviews
08/28/2026
  All Loans Conditions
Diligence/QC 08/31/2026 08/31/2026
  CLC Audit Review Conditions
Purchase Funding 08/27/2026 09/01/2026

Last updated on September 1, 2026