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| Archwood Real Estate, Inc. Investment Brokerage & Real Estate Financing (818) 376-8582 |
How long will the process take?
Assuming that the Borrower has made a decision to proceed, and has delivered all the key
documents needed to underwrite the loan to the broker, 60-120 days would be the typical range.
Going from "first phone call" to a closing in 60 days requires smooth choreography among all
parties. All key players from the Borrower, mortgage broker, borrower's attorney, title
company, lender, lender's attorneys, appraiser, engineer and environmental consultant need to be
kept in forward motion because if any player drops the ball, the whole schedule can and will go
awry.
documents needed to underwrite the loan to the broker, 60-120 days would be the typical range.
Going from "first phone call" to a closing in 60 days requires smooth choreography among all
parties. All key players from the Borrower, mortgage broker, borrower's attorney, title
company, lender, lender's attorneys, appraiser, engineer and environmental consultant need to be
kept in forward motion because if any player drops the ball, the whole schedule can and will go
awry.
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| Archwood Real Estate, Inc. - 16217 Kittridge St., Van Nuys, CA 91406 - Phone: (818) 376-8582 - Fax: (818) 376-8572 California Broker #01445207 |
