Some 27,530 mortgage possession orders were made during the period, though 47 ... Mortgage repossession orders in England and Wales were up 17 percent in the first quarter of the year compared to the same period in 2007, the government said Friday. In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job.