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Direct lender – average turn times by state in business days, a very wide range:
|
ALABAMA
|
10
|
MINNESOTA
|
9
|
||||
|
ARKANSAS
|
0
|
MISSOURI
|
17
|
||||
|
ARIZONA
|
16
|
MISSISSIPPI
|
10
|
||||
|
CALIFORNIA
|
10
|
NORTH CAROLINA
|
14
|
||||
|
COLORADO
|
24
|
NEW HAMPSHIRE
|
20
|
||||
|
CONNETICUT
|
9
|
NEW JERSEY
|
11
|
||||
|
DISTRICT OF COLUMBIA
|
4
|
NEW MEXICO
|
20
|
||||
|
FLORIDA
|
8
|
NEVADA
|
2
|
||||
|
GEORGIA
|
9
|
NEW YORK
|
16
|
||||
|
IDAHO
|
10
|
OHIO
|
17
|
||||
|
ILLINOIS
|
10
|
OREGON
|
31
|
||||
|
INDIANA
|
14
|
PENNSYLVANIA
|
11
|
||||
|
KANSAS
|
14
|
RHODE ISLAND
|
15
|
||||
|
KENTUCKY
|
13
|
SOUTH CAROLINA
|
12
|
||||
|
LOUISIANA
|
7
|
TENNESSEE
|
14
|
||||
|
MASSACHUSETTS
|
12
|
TEXAS
|
12
|
||||
|
MARYLAND
|
13
|
VIRGINIA
|
8
|
||||
|
MAINE
|
28
|
WASHINGTON
|
19
|
||||
|
MICHIGAN
|
13
|
WISCONSIN
|
12
|
||||
Note: some states had little or no data and were not included.
FYI, the January 2017 issue of Appraisal Today includes this article: “Is the New AMC business model broken?”, which discusses AMCs and why they are obsessed with 3 day turn times, among many other topics…
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