The typical mortgage underwriting process takes a few weeks, according to SFGate. This step is the longest in the normal home loan process. In some cases, borrowers can speed up the process with a great application.
Presenting all supporting documentation, including income statements and financial statements, reduces the amount of back-and-forth communication between the underwriter, loan processor and borrower, reports SFGate. Delays can also occur that slow underwriting. Underwriting normally includes employment verification and difficulty in contacting an employer can slow the process down. A lower-than-expected home appraisal could also lead to additional steps since the loan is based on the value of the property.