A matter of time.
More than 67 percent of residential appraisers spent four or more days completing a report last year, and lenders apparently are more accepting of the longer turnaround, according to the 2017 Voice of the Appraiser report, released Oct. 25 by October Research. A full 100 percent of lenders said they expect a turnaround of four or more days, up from 89.9 percent in 2016 who said they expected a report to take that long.
Average residential appraisal turnaround 2017 same day 0.8% 1 day 2.4% 4 or more days 67.5% 2 to 3 days 29.3% 2016 same day 0.5% 1 day 4.0% 4 or more days 64.0% 2 to 3 days 31.5% Note: Table made from pie chart.
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|Title Annotation:||The News in Numbers|
|Date:||Jan 1, 2018|
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