What is the average time it takes to process a new application?
DFI tries to review all incoming applications within two weeks of the date they are fully complete. If the application has any deficiencies which result in a rejection letter, the application is placed on hold until the deficient items are corrected. At that point, the application is complete and the two week period starts at that time.
DFI tries to review all incoming applications within two weeks of the date they are fully complete. If the application has any deficiencies, they are noted as deficiencies in the NMLS and the application is placed on hold until the deficient items are corrected. At that point, the application is complete and the two week period starts at that time.
