The time to close residential mortgage loans continues to drop, falling an average of two days in March from the previous month, Ellie Mae reported.

All loans closed an average of 44 days, the shortest time since March 2015, according to Ellie Mae's Origination Insight Report for March.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry