Depends on the broker, and no I dont see an internet company doing it this quickly.
I will give you an example. I went to do a loan application and they said we are sorry my wife leaves tomorrow for Iraq. I said tomorrow? I said what time? They said 5pm. It was 10am in the morning. They said we really need it can you wire the papers? I said no I can do it.
Before I left the house I had title, appraisal, insurance ordered. I left at 11am from their house. Did my own underwriting with DU. When I got back to my office title was done, insurance was in, and I was waiting on the appraisal. Somebody I knew. Had that at 4:00pm had docs the next morning at 10:00am.
Yes I pulled in tons of favors. But I have taken a loan at 9am and closed them at 5pm. Its possible but you better be damn good.
3 days is a joke, thats simple. Sorry I know its not what you want to hear. Just pray they went to a bank instead of a broker that knows what they are doing.
If I can get title, appraisal, credit, approval, conditions, signed off conditions and docs in less then 24 hours. Any idiot can get an approval in 3 days.
30 years mortgage real estate exp.