With the COVID-19 pandemic threat evolving in our country, TMS continues to operate with flexibility and care. We have continued to review loans within 24 hours of delivery and hope to continue the same. However, during the mandatory shelter in place in many states, local internet providers for our employees have seen increased demand and therefore the internet speed has been slower. As a result, TMS is temporarily changing its 24-hour initial funding review guaranteed turn time to 48 hours guaranteed.
Only TMS has consistently provided amazingly fast 24-hour turn times on Initial Funding Review for three years running. In fact, TMS has hit this goal so often that, last fall, we started guaranteeing we’ll complete the initial funding review in 24 hours—or waive the $319 funding fee. No other lender does this. We call this the TMS Turninator.
From the very moment a package is delivered to TMS, there are constant eyes on it, as our state-of-the-art Loan Portal, KISS, automates the seamless movement of the package through the review process. Coupled with our rock star CAREspondent liaisons, TMS can do what no other correspondent investor in the industry does—get your loans reviewed in 24 hours, 100% of the time. Ready to bid a tape now?