Why Real Estate Closings are taking longer!

After settling back around 46 days, the time to close a loan is starting to tick higher again, getting close to this year’s high, according to the latest Origination Insight Report from Ellie Mae.

The most recent report stated it took 49 days on average to close a loan in November. Separated out, time to close came in at 51 days for refinance loans and 47 days for purchase.  Read Article

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