CFD — Mortgage Application Flow
Ten weeks of mortgage applications from submission to offer, computing a ~37-day flow time and isolating the surveyor backlog as the only band that grows every single week.
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title "Mortgage applications — submission to offer"
unit applications
stages: Submitted*, Documents in, Underwriting, Awaiting valuation*, Offer issued
# Underwriting and document chasing hold steady all quarter; only the
# valuation queue compounds, which is where the lead time is going.
2025-02-03 | 472, 322, 232, 112, 72
2025-02-10 | 606, 448, 352, 224, 172
2025-02-17 | 716, 564, 472, 348, 280
2025-02-24 | 868, 708, 610, 478, 392
2025-03-03 | 990, 836, 742, 616, 508
2025-03-10 | 1152, 990, 890, 756, 624
2025-03-17 | 1272, 1116, 1020, 892, 742
2025-03-24 | 1430, 1266, 1164, 1028, 860
2025-03-31 | 1544, 1386, 1288, 1158, 978
2025-04-07 | 1696, 1530, 1426, 1288, 1096