One of the common questions I get when talking with other loan officers is “can you really get mortgages closed in ten days?” and people are surprised when I tell them “yes, it really happens”.

Yes, I realize that it is not every loan that needs to close in ten days, but it is always nice to have available if needed.  Here are just a few of the reasons that we at Academy Mortgage can close a mortgage in ten days:

We have on-site processing. What this means is that once I have taken a loan application, I don’t have to upload it into an electronic file to be zoomed off to someone who works in another city (or country) to start doing the various tasks required in order to get your loan approved and funded.

We have on-site underwriting. This is nice for a number of reasons, but one of the reasons I like it is that when there is an issue with a file and the underwriter doesn’t understand something or needs something more, they are right down the hall from my office. And believe me, it is much easier to solve problems through face-to-face communication than it is to try to solve them through email and voicemail.  It saves quite a bit of time.

We have on-site doc drawing. Once your file is underwritten and approved, it is sent to our closing department to work on getting your final documents to the title company.

Our branch manager is empowered. Every once in a while there is an issue where a judgement call needs to be made as to whether or not a decision on a loan is the right one. Or if everyone is comfortable with funding a loan. Or if everything that is needed on the file is in the file before the loan funds.

In some companies, these decisions are made by people who are not on the ground floor — they are made by people who have titles like “Chief Risk Officer” or something like that. Not here. Here, our branch manager has been empowered to make the hard decisions when needed — so you don’t have to worry about waiting for someone to make a decision on your file.

There really isn’t a magic bullet to the mortgage process — but we have found that by putting all of the different departments under one roof and letting our branch manager control the process… we are very confident that we can get your loan done in ten days or less… when we need to.

And there just aren’t that many companies out there who can say that in today’s environment.

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