Average close time by bank

Below is a report that gives the average days to close from the day the short sale package was submitted with purchase contract to the bank.

BankDays
American Home Mortgage123
ASC (Americas Servicing Company)191
Aurora Loan Servicing78
Bank of America / Countrywide165
Bank of America Home Equity181
BankUnited120
Central Mortage48
Citi Mortgage120
EMC143
Everhome Mortgage70
Fifth Third Bank66
First Horizion (Metlife)234
GMAC97
Home Servicing172
HSBC Mortgage Services49
Indymac213
Mariners Properties
Merrill Lynch / PHH Mortgage122
Midland Mortgage97
Regions Mortgage115
Select Portfolio Servicing (SPS)85
Thornburg153
Wamu/Chase Mortgage167
Wells Fargo129

 

*Not all banks are represented, the most common banks in our system were used for this report.