Average Time From Application To Closing Rises To 48 Days

Fifty-eight percent of mortgages that closed in July were loans for the purpose of refinancing, up from 54 percent in June according to Ellie Mae’s Origination Insight Report released today. Conventional mortgages made up 67 percent of the mortgages originated through Ellie Mae and FHA loans accounted for 24 percent. The Origination Insight report is […]