Turnaround times are based on quality applications submitted, in line with the submission checklist provided for each product available from Research in Mercury Nexus. Turnaround time to credit assessor is calculated on the average number of business days between an application passing quality control and when an underwriter provides the first decision response. Time to formal approval displays the median days from the top 25th percentile of all lenders from the past 30 calendar days, as published in the Connective Lender Approval Dashboard in Mercury Nexus.
*This number denotes how quickly the lender reaches unconditional approval compared to other lenders, and is based on data from the Connective Lender Approval Time Dashboard.
