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How long does it take to clear conditions for a clear to close?
#1
Once you get a conditional mortgage loan approval, the next step is to clear conditions to get a clear to close. Once you submit all of the conditions on the list of your conditional approval, you should get a clear to close. A clear to close from the mortgage loan underwriter means that the mortgage lender is ready to fund the loan. Once you have packaged up all of the conditions the mortgage loan underwriter requested, the mortgage loan processor will submit all of your final conditions in to the underwriter. Once the underwriter gets to your file, it should be no later than 24 to 48 hours to get a clear to close issued. Here is an article on clear to close.

http://gustancho.com/clear-to-close-3/

 
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#2
Once a clear to close has been issued by a mortgage loan underwriter, the mortgage company can close on the mortgage loan the same day. It is just a matter of drafting up the docs.
 
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