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News & Press: Industry News

California Leads in Speed of Loan Closings

Monday, September 18, 2017  
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California home loan closings for millennial borrowers averaged 37 days in July according to the Ellie Mae Millennial Tracker. The average across the nation was 44 days. While California's average was 37 days, New York averaged 60 days to close and Florida was 45 days. Purchases made up 89 percent of all closed loans to the millennial generation in July. Millennials are defined as those born between 1980 and 1999. California title and escrow personnel do great job serving customers across the state.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851