Mike Gracz is correct. Our pre-approvals takes 3 to 5 business days so about a week. A loan officer will issue a pre-qualification, however, all of our pre-approvals are fully underwritten and signed off by our mortgage underwriters. All of our pre-approvals are loan commitments. This is the reason we close 100% of all of our loans. Once our borrowers gets a pre-approval, they can enter into a real estate purchase contract. The only conditions missing is the purchase contract, appraisal, and updated docs like updated paycheck stubs, bank statements, etc.