In spite of what you may have heard – it is possible to close a loan quickly.
I had a borrower contact me recently. She said that she was purchasing a house – and she wanted to close quickly.
She signed her loan package on a Tuesday.
…and, she got me everything I had asked her for from the checklist I gave her that same day.
I ordered the appraisal that same day.
We were fully approved and clear to close on her loan by the afternoon of the following Wednesday!
…with a weekend thrown in there – that’s 7 business days.
The key to this quick turnaround is that I had everything I needed from the borrower to get that loan into underwriting from day one.
…I just wanted you to know what was possible for a quick closing the next time you wanted to close a loan quickly.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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