E68: Appraisal Speed vs. Quality

Market Moves welcomes back Shawn Telford as the podcast's first-ever repeat guest. His recent article, "The Strategic Advantage of Certainty in Mortgage Lending," struck a chord with Mark and Jeff, sparking a deeper conversation about what's really slowing the industry down. Shawn notes that nearly half of all appraisals require revisions after their initial submission. While the average loan takes about 42 days to process, appraisals are often ordered late in the cycle, compressing turn times into just 5–6 days and sometimes putting closings at risk. Cotality's surveys show that borrowers and lenders alike prioritize comfort, confidence, and certainty throughout the process — possibly even more than speed. Check out Shawn Telford's article: https://appraisalbuzz.com/the-strategic-advantage-of-certainty-in-mortgage-lending/