How long does the mortgage approval process typically take?

The mortgage approval process typically takes around 30 to 45 days from the time of application submission to closing. However, the actual duration can vary depending on several factors. These factors include the complexity of the application, the completeness of the documentation provided, the borrower's financial situation, and any potential issues that may arise during the underwriting process. PHH Mortgage Solutions aims to expedite the process as much as possible by employing efficient and streamlined procedures. Additionally, proactive communication with the borrower and prompt response to any requests for additional information can help accelerate the approval timeline. It is important for borrowers to be prepared with all necessary documents and to promptly provide any additional information requested by the loan officer to ensure a quicker mortgage approval process.