Mortgage Processing Checklist for Realtors
Real estate agents don't process loans — but they live and die by closing timelines. This guide explains what happens during mortgage processing, what causes delays, and what realtors can do to protect their transactions.
Frequently Asked Questions
How do I know if a mortgage file is on track to close?
Ask your LO partner for a processing status update every 5–7 days during the processing period. CTC provides LOs with real-time condition tracking so they can answer this question accurately.
What causes a closing to get pushed back?
The most common causes: appraisal delays, HOA document delays, last-minute underwriting conditions, and title issues. Most can be prevented by a proactive processor who front-loads third-party orders.
Should I allow 30 or 45 days for the financing contingency in Colorado?
In most Colorado markets, 21–30 days is achievable for a clean conventional file. VA and FHA files often need 30 days. Rural, mountain, and resort properties should use 35–45 days to account for appraisal and recording delays.
Put this into practice.
CTC handles the file so you can stay in front of borrowers and Realtors.