I've dedicated this site to you, in an effort to provide the necessary tools, information, products and service needed to thrive in all market conditions. I maintain this site. If you cannot find your answer here, let me know and I will find it for you. Dave Herbst (AE)
If you would like rate sheets emailed daily Click Here
HVCC Application, disclosures, & credit report ran, dated & signed after May 1st are subject to HVCC. To order an appraisal visit the "Submit and Lock" page of this website to the left
Turn Times What's estimated below might fluctuate. Allow leeway & ask for some flexibility ahead of time from all parties involved in the transaction. These tips help us remain fast:
Submit recent documents only
Scan, save and upload your conditions into 1 pdf file at one time
If you submit after 3pm turn times begin the next day
No rushes please. We work 7 days a week and almost around the clock already!
Last day for Streamlines to fund in June:
Docs out by June 19th
Docs back by June 24th
Fund by June 29th
A Level - 80% pull thru AND $2 Million monthly funded volume
Priority service
.125% better on all loans
Forward locks for 21 or 30 days permitted
Conventional Loan Underwriting: Same to 1 day
Conventional Loan Conditions: 1 day
FHA (full) Underwriting: 3 days
FHA (full) Conditions: 2 days
FHA Streamline Underwriting: 1 day
FHA Streamline Conditions: 1 day
Docs: 1 day
Funding Review: 1 day
B Level - 65% to 80% pull thru & New Brokers to CMG
Standard service
Lock only on submitted loans (file must be in by 3pm)
Conventional Loan Underwriting: 2days
Conventional Loan Conditions: 3 days
FHA (full) Underwriting: 4 days
FHA (full) Conditions: 3 days
FHA Streamline Underwriting: 2 days
FHA Streamline Conditions: 1 day
Docs: 1 day
Funding Review: 2 days
C Level - 40% to 65% pull thru - Must improve in 90 days
Standard Service pre-empted when necessary by "A" & "B" business
Lock only on approved loans (no forward locks)
Conventional Loan Underwriting: 12 days
Conventional Loan Conditions: 3 days
FHA (full) Underwriting: 17 days
FHA (full) Conditions: 3 days
FHA Streamline Underwriting: 2 days
FHA Streamline Conditions: 2 days
Docs: 2 days
Funding Review: 2 days
Other restrictions and incentives apply
For more information read the Broker Expectation section: Click Here
Intended for mortgage professionals only. Not for consumer distribution. Not a commitment to lend. Terms are subject to change. Check guidelines at www.cmgbanking.com for current terms. “Home Ownership Accelerator” and the yellow flying house logo are trademarks of CMG Financial Services, Inc.12/1/06. CA DOC lic. Under CRLA #4150025; AZ Mortgage Banker License #0903132; Georgia Licensed #1#2
CMG Mortgage, Inc. 3160 Crow Canyon Road San Ramon, CA 945483