Ops, Branch Manager, LO Jobs; CFO Role Wanted; First American Rebrand; Rural, FHA, VA Program Changes Dec 18 2020, 8:18AM I don’t know what’s longer, a “regular” minute, “microwave” minute, or a “treadmill” minute. Speaking of time, if someone sends you an email saying, “The noon meeting has been moved forward two hours,” how do you read that, 10AM to 2PM? The answer shows which of these two ways you perceive time. Time perception really does matter: Some parts of 2020 dragged, some not. If a borrower is buying a home, a survey by Spruce tells us what every MLO knows: According to Ellie Mae's Origination Insight Report, loans are taking an average of 54 days to process, and homebuyers who are frustrated with the time to close are open to tech solutions. Time can also not be your friend if you’re a renter waiting to buy a home. Generally speaking, given interest rates, monthly payments from owners are less than rent payments (renters may not have a down payment, or may want the flexibility of renting). A report from a Zillow Group site estimated that members of the millennial generation will spend an average of $202,000 on rent prior to owning a home, considerably higher than the $148,900 (also inflation-adjusted) that baby boomers spent on rent before becoming homeowners. And it won’t get cheaper or easier for future generations. What are you doing to help?