Understanding the Mortgage Processing Timeline

The Standard Timeline

A typical mortgage takes roughly 30 days to close, but where does that time actually go? Understanding the timeline helps manage borrower expectations and keeps the file on track.

Week 1: Intake & Order

Days 1-7 are all about gathering the foundation. The processor reviews the application, orders the appraisal and title work, and requests any initial missing documents from the borrower. A strong week 1 prevents major delays later.

Week 2: Underwriting & Conditions

Days 8-15 involve the underwriter's initial review. Once the conditional approval is issued, the processor scrambles to collect the required conditions (updated paystubs, letters of explanation, etc.).

Week 3-4: Clear to Close

Days 16-30 are the final stretch. The appraisal comes back, final conditions are cleared, and the file is moved to the closing department. The Closing Disclosure is issued, and the processor verifies all figures are correct before the borrower signs.