Why Timely and Accurate Reports Are Non-Negotiable for Lenders

For lenders, timely and accurate reporting from third-party CRE inspectors isn’t just a convenience—it’s a financial necessity. Delays or errors in reports can disrupt funding schedules, slow down project progress, and ultimately impact a lender’s bottom line. 

The Cost of Delayed Reports 

If an inspector takes too long to submit a report, the consequences can be significant. Loan disbursements are delayed, borrower relationships become strained, and the lender’s interest earnings can be negatively affected.  

“The timeliness of reports—or lack thereof—has an immediate effect on the bank or credit union’s interest earnings,” explains Stephanie Goins, Senior Vice President at CMR Partners. “A delayed report is a strong indication that your third-party inspector is staffed with inexperienced individuals, the project managers are overloaded, or the firm cannot effectively communicate with the borrower and general contractor.”  

A firm that consistently submits late reports may lack the internal processes, staffing, or expertise needed to handle complex projects efficiently. 

Accuracy Matters: Are Inspectors Catching Mistakes?  

Beyond timeliness, lenders should also assess the accuracy of the reports they receive. In some cases, incorrect math, missing data, or overlooked discrepancies in payment applications can lead to serious financial exposure.  

“Are there a lot of mistakes on the reports? Is the firm catching math mistakes on the payment application?” Goins asks. “These are critical questions lenders should be asking, because errors in reporting can lead to overpayments, project delays, and financial risks.”  

Errors in reporting don’t just create administrative headaches—they can impact the lender’s risk management strategy, making it harder to identify red flags before they become costly problems.  

How CMR Partners Ensures Timely, Accurate Reports 

At CMR Partners, we’ve built a system that guarantees reports are submitted on time and with precision. When you work with us, you get: 

• Consistent, on-time reports that align with your lending schedules. 

• Detailed, accurate assessments that catch errors before they become financial risks. 

• Direct communication with experienced professionals who can explain findings and provide solutions. 
  

As a lender, your success depends on having the right information at the right time. If your current third-party inspector is slowing, you down—or making costly mistakes—it may be time to consider a firm that prioritizes accuracy and efficiency.