Champions Mortgage Setting New Speed Standards From Approval To Closing

MELBOURNE, Fla, Feb. 25, 2019 /PRNewswire/ -- With the ever-increasing speed of today's real estate market, timing has never been more critical to potential homebuyers as well as realtors and builders.  The perfect property may well indeed be here today and off the market tomorrow.  Unlike some other lenders, Champions Mortgage https://www.championsmortgage.com  is no longer limited to Monday through Friday, 9 a.m. to 5 p.m. constraints.

A subsidiary of Melbourne, Fl., based Community Champions, Champions Mortgage has recently become one of just 15 mortgage lenders with the ability to process loans under certain conditions after the traditional close of business hours and on the weekends.  That competitive advantage helps mortgagor's lock down the home of their dreams faster, while likewise enabling realtors and builders to point prospective buyers to a lending resource that understands and has the flexibility to respond to the speed of the market.

Champions Mortgage LLC President Adam Zima explains that this competitive advantage is brought about by an evolving partnership with First American Title's direct office.

"Champions Mortgage is proud to play a part in testing a whole new way to fund mortgage loans.  Due to our strategic partnerships, we have the capacity to fund any loan closing with First American Title's direct office after hours and on Saturdays.  Champions Mortgage is not limited to federal wiring time frames as we direct fund to First American Title offices.  We are now one of only 15 mortgagees allowed to do this nationwide."

With more and more home buyers actively shopping after hours and on the weekends, Champions Mortgage continues to keep pace with current market trends for speed and efficiency from initial loan application to closing.  In January of this year Champions Mortgage ranked among the nation's leaders in closing turn times with a 15-day flat average.  Since 2017 Champions Mortgage has streamlined its loan processing times from an industry average of 8.35 days from loan submission to initial approval down to a 2019 average of just .33 days.

Community Champions Managing Director Tom Darnell labeled this faster approach a direct response to the changing needs of today's home-buying market.

"I am very proud of Champions Mortgage and senior managements' continuous delivery of products that go beyond the industry's standard of excellence.  Being counted as one of only 26 mortgage lenders in the nation to fund deals after 5 p.m. Eastern Standard Time and on weekends is huge by itself to Champion's customers and industry partners."

Darnell added that the after hours and weekend capability of Champions Mortgage follows other advances Champions has made in remaking how mortgage loans are processed.

"Coupled with the fact that Champions Mortgage boasts loans processed in as little as six days on average, approvals in 1.25 days, and clear-to-close times in 16 days or less, puts us way out in front of the industry average."

SOURCE Community Champions

Related Links

http://www.cchampions.com