Construction loan closing times drop after tech update: Ellie Mae

High chances of getting a loan closed, the quick pace loans are closing at and today’s low mortgage rates all combine to make a buyer-friendly market. Click to see today’s mortgage rates. Highest Ever Recording Of Closed Applications. According to mortgage software company Ellie Mae, over 75% of purchase applications closed in a 90-day cycle.

– Subscribe to Mortgage Rates Update.. "Significant" Reduction in Closing Times – Ellie Mae.. To calculate closing rates Ellie Mae samples loan applications initiated 90 days earlier, in.

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Ellie Mae economists are calling the drop "significant." For just purchase loans, the time to close dropped from 47 days to 45 days last month, according to the report. The drop in average closing times is mostly due to a decrease in the overall refinancing market. "With interest rates on the rise, we’re seeing the purchase market begin.

One-Time Close USDA Construction Loan Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, lower origination costs, and.

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

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Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Our technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency.

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Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, lower origination costs, and.

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