FirstLine’s underwriters are now working Saturdays.
This should nicely enhance turnaround times on applications submitted after Friday’s close.
Apart from high-volume periods, it’s not that common for lenders to regularly staff underwriters on weekends. There are exceptions though. For example, Scotia underwriters (Business Relationship Managers) are sometimes known to work weekends. But it’s not the norm for most broker-lenders.
FirstLine is a division of CIBC and was the second biggest lender in the broker channel (by volume last quarter).
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