Published: March 26, 2021, 4 p.m.
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Key Takeaways:
- Cycle times increased slightly in 2020 due to COVID related delays & high refinance volume
- Top performers close loans 63% faster, 74% faster on refi's vs. peers
- Since 2017, cycle times overall have been on a declining trend due to continued adoption of new technologies addressing operational efficiencies & changing market needs
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