United Wholesale: Closing times are still too long
Closing times continue to shrink, however according to United Wholesale Mortgage CEO Mat Ishbia, that’s still not good enough.
Ellie Mae recently came out with a study that showed closing times for March were the fastest they’ve been in more than two years, since February of 2015. At 43 days, time to close dropped from 46 days in February.
Ishbia points out that 43 days is a long time, and gives lender the opportunity to market themselves to real estate agents and buyers by offering platforms that can close a loan in even 30 or 35 days.
Closing times continue to shrink, however according to United Wholesale Mortgage CEO Mat Ishbia, that’s still not good enough.
Ellie Mae recently came out with a study that showed closing times for March were the fastest they’ve been in more than two years, since February of 2015. At 43 days, time to close dropped from 46 days in February.
Ishbia points out that 43 days is a long time, and gives lender the opportunity to market themselves to real estate agents and buyers by offering platforms that can close a loan in even 30 or 35 days.
Click here to read the full article via HousingWire.
Back to News
Leave a comment