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
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.
Pacific Life has a faster than
average application turnaround time, but also forces everyone to go through an extra phone interview with an underwriter.
Xpress
Plus application turnaround times are similar to their Xpress product — about 72 hours, as long as you qualify to skip the medical exam.
Qualcomm mentions in their release that they're focusing mainly on delivering considerably faster response speeds, improved power savings, and
better application turnaround durations.
Pacific Life has a faster than average
application turnaround time, but also forces everyone to go through an extra phone interview with an underwriter.
Brighthouse (formerly MetLife) has a faster than average
application turnaround time, but unfortunately they make everyone go through an extra phone interview with an underwriter.
Mutual of Omaha has a slower than average
application turnaround time.
SBLI features a quick
application turnaround time.
Purchase life insurance quickly (no exam life insurance can shave weeks off of
the application turnaround time)
Applicants in overall good health can expect to have
an application turnaround time of about 72 hours.
Your application turnaround time can have weeks shaved off of it if you purchase no exam life insurance.
No exam life insurance can shave weeks off of
the application turnaround time.