HomeEQ is here! Offer your borrowers a seamless, fully digital HELOC experience. Learn more here.
Our commitment to transparent and effective communication sets us apart, ensuring you stay informed at every milestone. We offer fantastic turn times through month end!
Turn Times Quoted in Business Days
| Arc Home Team | SPARC Loan Status1 | Turn Time (Business Days) | ||||||
| Conventional2 | Government3 | Non-Agency4 | ||||||
| Purchase | Refinance | Purchase | Refinance | Purchase | Refinance | |||
| Loan Opening | Document Check | 1 | 1 | 1 | 1 | 1 | 1 | |
| Underwriting7 (Initial Decision) |
Submitted In Underwriting |
3 | 3 | 3 | 3 | 3 | 3 | |
| Account Management | Condition Review | 1 | 1 | 1 | 1 | 1 | 1 | |
| Underwriting7 (Condition Review) |
Final Underwriting | 3 | 3 | 3 | 3 | 3 | 3 | |
| Underwriting6 (CTC Review) |
Final Underwriting | 1 | 1 | 1 | 1 | 1 | 1 | |
| Closing | Docs Ordered | 1 | 1 | 1 | 1 | 1 | 1 | |
| CD Request5 | N/A | 1 | 1 | 1 | 1 | 1 | 1 | |
| Condo Review | N/A | 3 | 3 | 3 | 3 | 3 | 3 | |
|
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Turn Times Quoted in Business Days
| Arc Home Team | SPARC Loan Status1 | Turn Time (Business Days) | ||||||
| Conventional2 | Government3 | Non-Agency4 | ||||||
| Purchase | Refinance | Purchase | Refinance | Purchase | Refinance | |||
| Loan Opening (Underwriting Submission) |
Document Check | 1 | 1 | 1 | 1 | 1 | 1 | |
| Underwriting7 (Initial Decision) |
Submitted In Underwriting |
3 | 3 | 3 | 3 | 3 | 3 | |
| Account Management | Condition Review | 1 | 1 | 1 | 1 | 1 | 1 | |
| Underwriting7 (Condition Review) |
Final Underwriting | 3 | 3 | 3 | 3 | 3 | 3 | |
| Underwriting6 (CTC Review) |
Final Underwriting | 1 | 1 | 1 | 1 | 1 | 1 | |
| Loan Opening (Post Close Submission) |
Submitted for Purchase Review | 1 | 1 | 1 | 1 | 1 | 1 | |
| Purchase Review (Initial Decision) |
In Purchase Review | 1 | 1 | 1 | 1 | 3 | 3 | |
| Purchase Review (Final Approval) |
Submitted for Final Purchase Review | 1 | 1 | 1 | 1 | 2 | 2 | |
| Purchase5 | Clear to Purchase | 1 | 1 | 1 | 1 | 1 | 1 | |
| Condo Review | N/A | 3 | 3 | 3 | 3 | 3 | 3 | |
|
||||||||
Turn Times Quoted in Business Days
| Arc Home Team | SPARC Loan Status1 | Turn Time (Business Days) | ||||||
| Conventional2 | Government3 | Non-Agency4 | ||||||
| Purchase | Refinance | Purchase | Refinance | Purchase | Refinance | |||
| Loan Opening | Submitted for Purchase Review | 1 | 1 | 1 | 1 | 2 | 2 | |
| Purchase Review (Initial Decision) | In Purchase Review | 1 | 1 | 1 | 1 | 3 | 3 | |
| Purchase Review (Final Approval) | Submitted for Final Purchase Review | 1 | 1 | 1 | 1 | 2 | 2 | |
| Purchase5 | Clear to Purchase | 1 | 1 | 1 | 1 | 1 | 1 | |
|
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