(866) 519-9597

Average Time to Close a Loan Holds Steady at 49 Days

by | Jan 28, 2016

By Jeff Sorg, OnlineEd Blog

(January 28, 2016) -According to the latest Origination Insight Report released by Ellie Mae,® 2015 ended with the average time to close a loan holding steady at 49 total days. Ellie is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. While the average time to close a refinance fell from 49 days to 47 days, purchases climbed 1 day to 50. The average time to close FHA and conventional loans remained largely unchanged at 49 days, while VA loans increased from 50 to 52 days.

###

For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers, visit www.OnlineEd.com.

 All information contained in this posting is deemed correct as of the date of publication, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

Newsletter Signup

Get regular updates about OnlineEd products and industry news.