Days to Close measures the average number of days it takes for a loan to move from the Application Submitted stage to the Funded stage. It reflects the overall speed and operational efficiency of the loan pipeline.
Steps to Use The Day to Close :
Days to Close (Month-over-Month Comparison)
How It Is Calculated
Days to Close = Funded Date − Application Submitted Date
The system calculates this for every funded loan within the selected period, then returns the average across all qualifying loans.
Date Range Logic
The system always compares Current Month against Last Month using a day-matched range:
Example (as of January 28, 2026):
Current Month → January 1 – January 28, 2026
Last Month → December 1 – December 28, 2025
How the Improved Stats Are Displayed
The KPI shows the current month's average days, along with a change indicator versus last month.
Example:
Current Month Days to Close: 150 days
Last Month Days to Close: 170 days
Displayed Stat: −20 days vs. last month
Note:
- Upward arrow - Indicates that the current month’s performance is higher than the previous month’s.
- Downward arrow - Indicates that the current month’s performance is lower than the previous month’s.
- Neutral arrow - Indicates that performance remains the same for both months.
Only loans with both a valid Submitted Date and a Funded Date are included in the calculation. The date range comparison is automatically applied - no manual selection is required.
Learn More about how to use the Pull Through.
Learn More about how to use the Fallout rate.
If you have any further questions, feel free to reach out to our coach on call-our team is always ready to assist.
- Accountable Support