Whats the average length of time for loan modification process?
It’s 30-90 days from signing to completion. With the majority of that time spent in review and underwriting at the lender. We are usually able to have the lender pre approve for modification within the first week of receipt, and negotiate terms with the analyst, underwriter during their review. If we do not like the terms of the agreement, however, it can take considerably longer, as we negotiate our terms for a satisfactory solution with the lender.
