Manual Verification is a Hidden Tax on Lender Profitability

Argyle’s John Hardesty makes the case that manual verification, long accepted as an operational given, is actually one of the most measurable and controllable cost drivers in mortgage production.

Industry Briefs June 29, 2023

Industry Briefs from Fannie Mae, Floify, Truv, Mobility Market Intelligence and Lender ToolKit.

Brian Zitin: Foreshadowing Future Appraisal Bottlenecks During Covid-19

Lenders are seeing record-breaking volume month over month, and it doesn’t seem to be slowing down. One thing that has slowed down across the industry, however, is appraisal turn times. As the volume of loans requiring appraisals goes up, the number of appraisers seems to be going in the opposite direction.

Brian Zitin: Foreshadowing Future Appraisal Bottlenecks During Covid-19

Lenders are seeing record-breaking volume month over month, and it doesn’t seem to be slowing down. One thing that has slowed down across the industry, however, is appraisal turn times. As the volume of loans requiring appraisals goes up, the number of appraisers seems to be going in the opposite direction.

Brian Zitin: Foreshadowing Future Appraisal Bottlenecks During Covid-19

Lenders are seeing record-breaking volume month over month, and it doesn’t seem to be slowing down. One thing that has slowed down across the industry, however, is appraisal turn times. As the volume of loans requiring appraisals goes up, the number of appraisers seems to be going in the opposite direction.

Brian Zitin: Foreshadowing Future Appraisal Bottlenecks During Covid-19

Lenders are seeing record-breaking volume month over month, and it doesn’t seem to be slowing down. One thing that has slowed down across the industry, however, is appraisal turn times. As the volume of loans requiring appraisals goes up, the number of appraisers seems to be going in the opposite direction.