phone-symbol-of-an-auricular-inside-a-circle Call (855) 610-1112         email Email

Mortgage Blog

How to get a home loan

Closing on a mortgage in 12 days: Transforming our loan process and technology

Can your "100% digital" mortgage company close a loan in 12 days?

At NewCastle Home Loans, we can.

Jim Quist and I have spent the last two years working with the best mortgage fintech companies to create an amazing user experience for our borrowers and our employees!

We realized early on that technology alone wasn't going to make our digital mortgage and better than our old analog mortgage, so we threw out all of our long-held beliefs about the "right way" to process a loan from open to close. And in the end, we came up with a workflow that supports the digital mortgage tech for the most efficient loan process possible.

You can build or buy the newest most expensive tech available today, BUT, if you do not change your process behind the scenes, what is the point?

The biggest mistake old lenders are making right now is thinking a digital facelift is going to make their company more efficient and profitable. You can't close loans faster just by integrating new technology! Sure, tech will make it easier to originate a loan and for borrowers to upload docs, which is great, but what happens then?

Here’s a breakdown of the loan process. In the left column on the chart below, you’ll see the loan process for “digital” lender that has only updated their technology. In the right column, you’ll see the way we do things at NewCastle Home Loans.


Lenders can claim to be "digital,” "innovative,” "efficient,” "revolutionary,” or any other bulls#*t clichéd #mortgage #fintech #buzzword they choose. But, unless the status workflow (come on, it's punny!), is #disrupted, they will never be able to close a loan in less than 21 days. To be successful and make it through the digital mortgage revolution, the innovations can't stop after your online mortgage application is complete.

Ready to work with a mortgage lender that prioritizes technology AND process?! 

See if you qualify!

You may also like:

How future rental income can help you buy an investment property

See how to calculate the rental income to get approved for a mortgage to buy an investment property. Not all borrowers can use the rental income because...

How a mortgage cosigner can help you get approved for a home loan.

What you need to know about adding a mortgage cosigner to your home loan application. Check out our complete guide about non-occupant co-borrowers...

Using Future Rental Income From Your Current Property to Buy a New Home

Rent out your departing residence. Use the future rental income to get approved for a mortgage to buy a new home. Step-by-step, examples explaining how you can...

Refinance my home before buying a new one