From Application to Approval: How Fast Can You Get an eMortgage Today?

Apr 8

In today’s digital-first world, the mortgage process has evolved significantly — and for the better. What once took weeks (or even months) can now often be completed in a fraction of the time, thanks to the rise of eMortgages. But how fast is fast when it comes to getting an eMortgage today? Let’s walk through the journey from application to approval and see how technology is transforming homeownership timelines.

What Is an eMortgage?

An eMortgage is a fully digital mortgage process — from application to closing. It typically includes electronic applications, digital document uploads, automated underwriting, eClosings, and even remote online notarization (RON). This not only speeds things up but also simplifies the experience for buyers, lenders, and real estate agents.

Step 1: The Application (Minutes to Hours)

Applying for an eMortgage can be as quick as filling out a form online. Many lenders now offer pre-filled applications using data from your bank accounts, credit reports, and employment records. Instead of gathering piles of paperwork, you may only need to verify your information digitally.

Timeframe:

Traditional Mortgage: 1–2 days
eMortgage: 15 minutes to 1 hour

Step 2: Documentation & Verification (1–3 Days)

With an eMortgage, much of your information — income, assets, employment — can be verified electronically using automated systems. Some lenders use third-party platforms that connect directly to your financial institutions, allowing instant access to required data.

Bonus: If you're using a lender with integrated services (like digital appraisal scheduling), even property valuation steps can be initiated immediately after application.

Timeframe:

Traditional Mortgage: 1–2 weeks
eMortgage: 1–3 days

Step 3: Underwriting Approval (2–7 Days)

Automated underwriting systems (AUS) are a game-changer for eMortgages. Instead of waiting for a human underwriter to manually review your file, the AUS can approve, suspend, or deny an application based on set criteria — often within hours.

However, even with automation, complex applications (like those involving self-employment or non-traditional income) might require human intervention, which can add a few days.

Timeframe:

Traditional Mortgage: 1–3 weeks
eMortgage: 2–7 days

Step 4: Closing the Deal (1 Day)

Here’s where eMortgages truly shine. eClosings allow you to sign your final documents electronically — sometimes from your living room. Remote Online Notarization (RON) can eliminate the need for in-person meetings entirely.

In many cases, lenders can schedule a closing within 24–48 hours of final approval, making the entire process much faster than traditional methods.

Timeframe:

Traditional Mortgage: 1–2 weeks
eMortgage: 1 day (sometimes same-day)

So, How Fast Can You Get an eMortgage?

If you’re financially prepared and working with a tech-savvy lender, it’s possible to move from application to approval in as little as 7 to 10 days — some even advertise 3–5 days under ideal conditions. Compare that to the 30–45 days it traditionally took, and it’s easy to see why eMortgages are becoming the new standard.

StageTraditional TimeframeeMortgage TimeframeApplication1–2 days15 min–1 hourDocumentation1–2 weeks1–3 daysUnderwriting1–3 weeks2–7 daysClosing1–2 weeks1 day

Factors That Can Impact Your Speed

While technology makes things faster, certain factors can still slow down your eMortgage:

Incomplete or incorrect information on your application
Credit issues or financial discrepancies
Property appraisal delays
Lender responsiveness and experience with eMortgage platforms

Tip: Stay proactive! Respond quickly to document requests, and choose a lender who specializes in digital closings.

Final Thoughts

Getting an eMortgage today can be impressively fast — if you’re ready. By leveraging the latest digital tools, lenders can approve your mortgage in days rather than weeks, helping you secure your dream home faster than ever. Whether you're a first-time buyer or a seasoned investor, now is the time to take advantage of this streamlined, tech-powered experience.