The phrase "application turnaround" refers to the time it takes for an application to be processed and a decision to be made. It is the period between submitting an application (like for a job or a loan) and receiving a response. Full definition
Are you concerned about financial ratings, customer service, and application turnaround times? (policygenius.com)
It's also about partnerships and delivering stellar customer service to you and your broker through quick application turnaround, approvals and deal closing, and throughout the lifetime of your mortgage with us. (rmgmortgages.ca)
Pacific Life has a faster than average application turnaround time, but also forces everyone to go through an extra phone interview with an underwriter. (policygenius.com)