A cogent point, Douglas.  Keep in mind, however, that you are looking at the process from an "insider's" perspective.

I can think of several reasons that same-day turnaround might be important.  Many lenders advertise that they can close a loan within two weeks or less.  That appeals to the consumer, who views applying for a mortgage as a tedious, time-consuming process.  Most borrowers want to just get it over with.

Like it or not, we live in a "fast food" society.  We want everything better, faster and cheaper.  We want our McClothes, McCars, McHouses and McMortgages.  The companies which can find ways to better serve their fellow man and still turn a profit will be the ones to not only survive, but thrive.

And that, my friend, is what capitalism is all about.

Regards,
Scott Perry