How long does it take the average client to complete the loan process? (In Days) The diagram below shows process flows of a loan and the average number of days to complete a service. All clients select their home and apply for a loan. Their application is passed to either one of two load processors. The first loan processor takes an average of 15 days to process a loan and the second loan processor takes an average of 10 days. After the loan is processed it goes to underwriting which typically takes nine days to complete. Closing takes an average of 1 day. Select home (10 days) Loan application (8 days) Loan processor 1 (15 days) Loan processor 2 (10 days) Underwriting (9 days) Closing (1 day)