How much time should I expect a mortgage to be approved in after submitting the documents?

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5-7 business days pre corona

Depends on the bank now and how well they’re structured to underwrite and pull background info - assuming it’ll take a while

In a re-finance process right now. Started mid March, still ongoing and expected to close next week. There was a refi boom and been huge volume of applications in March and with the lockdown hasn’t made things easier.

Will your lenders usually tell you in advance if it looks like there will be a significant delay? I am closing on 6/1 and submitted all my docs yesterday. Hoping it will all be approved in time.

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