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Ambassador
3,687,590
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It all depends upon the lending institution and the borrower, Morgan Rivas

Sep 09, 2017 11:55 AM
Rainmaker
3,561,410
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Leave it up to the loan officer. Beyond your repsonsibility. Who gave them a pre-approval letter?

Sep 09, 2017 11:36 AM
Rainmaker
5,337,115
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

that would depend on the complexity of the applicants financial history.... simple equals quick and easy.... complex, you'll be there awhile...

Sep 09, 2017 11:33 AM
Rainmaker
2,872,374
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

It depends on who one is submitting the application to and how prepared they are with the necessary documents.  

Sep 09, 2017 04:44 PM
Rainmaker
3,447,227
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

For whom? Are you talking about a buyer completing an application, a lender putting it through for approval? Regardless, it varies.

Sep 09, 2017 11:48 AM
Rainmaker
1,467,445
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Before going in to apply, ask what documents to take to the appointment. That makes it most expedient.

Sep 10, 2017 07:28 AM
Rainmaker
1,604,282
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

A couple minutes & then the torture begins.

Sep 10, 2017 07:04 AM
Rainmaker
2,546,484
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If someone wants something really bad...records can be broken

Sep 09, 2017 01:33 PM
Rainmaker
1,727,556
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I've never helped a client with one Morgan Rivas (it's not a Realtors job to do so) but the ones I've done for myself seem to take an eternity and a bottle of asprin.

Sep 09, 2017 11:32 AM
Rainmaker
5,779,923
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This relates to the financial information and credit background which varies from applicant to applicant.

Sep 09, 2017 11:27 AM
Rainmaker
769,777
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The application itself should be easy; it's providing all the supporting documents that may take time.

Sep 10, 2017 05:39 AM
Rainmaker
1,334,093
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Sep 10, 2017 04:57 AM
Rainmaker
3,625,765
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Truly a question where "it depends" is the answer.  

In the simplest form:

It depends on the borrower/buyer and the situation.

It depends on the mortgage broker/banker.

Sep 09, 2017 10:11 PM
Ambassador
4,306,272
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Morgan Rivas - if you have to share a lot, it may take longer.

Sep 09, 2017 09:47 PM
Rainer
186,892
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

Just a couple minutes with Rocket Mortgage! 

Sep 09, 2017 08:35 PM
Rainmaker
453,716
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

So much depends on the application - and what the borrower requires!

Sep 09, 2017 04:41 PM
Rainmaker
1,230,487
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Depends on type of loan, lender and buyer qualifications.

Sep 09, 2017 04:40 PM
Rainmaker
1,079,005
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Here no applicants fills them. They just sign and fill pertinent data give all docs to loan officer to fill out properly.  You fill you mess it up. You get to proof the appls. Two minutes?

Sep 09, 2017 04:28 PM
Ambassador
4,665,535
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Depends

which application

and how prepared are you?

Sep 09, 2017 04:13 PM
Rainmaker
526,014
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Initial app can be as short as 5 or 10 minutes. Name, SSN, salary/income, current address, previous address, a few other questions. The loan officer runs your credit and some other hocus pocus stuff, and viola! - You're pre-qualified or denied. Pre-qual letters are often proven wrong upon further scrutiny of a full blown mortgage app.

Sep 09, 2017 01:53 PM
Rainmaker
3,924,880
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I agree with Debe Maxwell, CRS ..all depends on the lending institution.

Sep 09, 2017 01:36 PM
Rainmaker
1,268,318
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

There's no one definitive answer to that question, Morgan Rivas ... it truly depends on the individual applicant(s) doing it.  And perhaps even the method in which they choose to accomplish it .. meaning in the presence of the LO, by themselves, online etc. (Some are more willing/capable of accomplishing this task than others.  An online application is a godsend for some ... a complete horror for others). 

The more prepared and knowledgable the applicant is prior to starting the actual application process (and capable of providing the info/documentation), the more smoothly and quickly it goes.  Beyond that much depends on the applicant's personal finances, whether they are self-employed ... and so many other things.  There are no 2 applications alike these days ... 

Gene

Oct 09, 2017 11:25 AM
Rainmaker
579,551
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Like almost every real estate question, it depends.

Sep 10, 2017 03:52 PM
Rainmaker
1,297,392
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If you make the mistake of applying with Chase Bank, they stole THREE HOURS of my life with that app.  With every other lender I've used in the past, I send in my info and I've never had to fill anything out.  Maybe 5 minutes to get on and e-sign something.

Sep 10, 2017 09:44 AM
Rainmaker
1,584,363
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

A 1003 takes little time to fill out. It is all the documentation after the fact that can bog down the process.

Sep 10, 2017 09:04 AM
Rainer
263,827
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Depends on the applicant. It also depends on the application process of the lending institution. 

Sep 10, 2017 07:36 AM
Rainmaker
3,160,016
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Filling it out? 10 minutes if prepared. Days if not prepared. Getting an answer on your application, from hours to 21 days

Sep 10, 2017 06:39 AM
Rainmaker
3,064,059
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

How quickly can you write? And Kathleen Daniels nailed this one!

Sep 10, 2017 05:39 AM
Rainmaker
4,798,519
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It depends on the person filling out the forms.

Sep 10, 2017 05:19 AM
Ambassador
1,706,647
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No simple answer.

Sep 09, 2017 09:15 PM
Rainmaker
1,506,406
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I'm not into filling up applications but if all documents are ready, it should not be that difficult. 

Sep 09, 2017 09:04 PM
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Depends on he type

Sep 09, 2017 07:53 PM
Ambassador
3,985,078
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

You won't be completing one unless you are applying for a mortgage. It takes time so allow an hour or more.

Sep 09, 2017 07:26 PM
Rainmaker
780,391
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It varies case by case.

Sep 09, 2017 05:44 PM
Rainmaker
997,340
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Ask Jason E. Gordon 

Sep 09, 2017 04:47 PM
Rainmaker
4,828,831
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I agree with Wayne Martin 

Sep 09, 2017 04:40 PM
Rainmaker
1,801,929
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Not long. More time will take to submit supporting documents.

Sep 21, 2018 02:13 PM
Rainmaker
1,354,521
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Not really long.

Sep 21, 2018 01:31 PM
Rainer
3,040
Residential Acceptance Corp
Residential Acceptance Corporation - Tampa, FL
Mortgage Banker / Lender

With RAC, we can get a broker approved within 24 hours after reciving a compelted broker application and W9 form. If you have any questions, we can help you answer them in more detail at 813-935-1828.

Jan 30, 2018 07:52 AM
Rainmaker
101,524
Scott Lawson
America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA
Mortgage Broker FHA, VA, refinance or purchase

A loan officer shouldn't be filing out the loan application. A good online application (like mine) typically takes 3-5 minutes to complete. The loan officer will "fine tune" it after receiving all necessary documentation from the client. That's maybe another 5 minutes for a veteran LO...

Oct 06, 2017 05:55 PM
Rainmaker
4,320,054
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I don't get involved with this process, this is the lender's job.

Sep 13, 2017 11:21 AM
Rainer
53,883
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

The Application? Of few minutes....all the docs needed, should be able to gather within a day, close....30-45 days.

Sep 11, 2017 11:31 AM
Rainmaker
3,411,285
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I have one loan officer that can knock it out     in 30 mins                                          

Sep 10, 2017 01:31 PM
Rainmaker
4,432,826
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Sep 10, 2017 09:31 AM