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Updated 5 months ago, 06/30/2024

User Stats

402
Posts
153
Votes
Matthew Morrow
Agent
  • Investor
  • Pennsylvania
153
Votes |
402
Posts

30 Day Closes a thing of the past? Vendor Issues piling on as market shifts- Thoughts

Matthew Morrow
Agent
  • Investor
  • Pennsylvania
Posted

(Eastern PA) 
We've been noticing some trends lately and waned to see what everyone else is experiencing... It seems like 30-day closings are becoming less and less common. More issues arising with insurance, underwriting, appraisals, and more. Is anyone else feeling this?I know we deal alot in the non QM space, and that's part of the issue, but overall vendors are having trouble performing in the timelines for some deals. 

We've set up a series of checks and balances to avoid these delays, but curious as to your thoughts.

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The Morrow-Wargo Group
5.0 stars
35 Reviews

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