How long does the loan modification process take?

The loan modification process duration can vary depending on several factors. Typically, it takes around 30 to 90 days, but it may extend up to six months or even longer in complex cases. The timeframe involves multiple stages, including document collection and submission, lender review, negotiation, and final approval. Efficiency is crucial in expediting the process, and prompt communication and cooperation with the lender can significantly impact the timeline. Urgency can also be seen in certain instances, especially when facing imminent foreclosure. GoWize works diligently to streamline the loan modification process, aiming to minimize the duration while ensuring a thorough and comprehensive approach. Contact us for personalized assistance and a more accurate estimate of your specific case.