Mortgage Cycle Time Benchmark Study
While the COVID-19 global pandemic has caused widespread health and economic concerns, the historically low interest rates and increased use of digital capabilities among lenders have helped to sustain the housing market.
However, high volumes, mandated closures and social distancing have in many cases caused mortgage closing cycle times to increase. How can lenders better understand the factors that can impact closing cycle times? What are ways to improve them?
Get an in-depth look into one of the industry’s key efficiency measures – closing cycle time – in order to:
- Benchmark performance against industry averages across categories
- Uncover efficiencies, leading to high-performance lending
- Develop a blueprint for future changes by identifying areas to adjust strategies