In a seller’s market, speed wins. A slow lender can kill a deal.
The “Closing Contingency”
If your contract requires a 30-day closing and your lender takes 45 days, you risk losing your earnest money deposit.
Why Automation Matters
Lenders with “Digital Underwriting” systems can clear conditions on your loan in hours. Lenders using paper-based systems often take days to review a single document. Always prioritize a lender who provides a “Clear to Close” timeline upfront.