06/08/2026
Thirty to forty percent of loans require rework due to data inconsistencies found after initial approval. Most lenders look at borrower documentation first. Fewer look at the property record.
Address-level data goes stale. Ownership changes. Assessments get revised. Structures get converted. And when the record in your loan file hasn't kept pace, the cost shows up as suspended conditions, appraisal corrections, and pipeline fallout that's hard to pin to a single cause.
We broke down where it happens, what it costs, and what lenders in New England can do about it. Read more: https://bit.ly/4xl2tJm