I can't say that we look regularly for missing step scores, but when all is finished, I look for scores and may slide things up or down a little based on this new data. If you don't have step 2 by rank time, you will slide to the bottom a week before lists are due. I will never risk someone not graduating again. I also don't like seeing people play the "don't risk step 2" game. Getting this in last minute doesn't communicate a serious candidate and we wonder why. If you were going for derm without a step 2 score you would get zero interviews. Psych will never be like derm, but the basic measures are the same if you want to be the best you can be. Not taking care of business isn't a good sign.
We received a few dozen new applications in November, but only two or three didn't have red flags. I think we invited one of them. This has become an ocean of applicants given the fear of not matching. More important than standing out in good ways is not standing out in bad ways. You work very hard for 4 years to get here, don't short change the process. Why would you learn the Krebs cycle for the 5th time and then be slow to take a step? We get relatively little data about your abilities, but don't give us any less than your competition gives us.
Now there will be some people with life circumstance reasons and other arguments insisting that the process should be more understanding, but we invite less than 10% of applications now that the average number of applications per applicant is above 30. So there is always that reality. This is your last comparative hurdle that is involuntary. The subspecialty fellowships are practically free for the asking given last week's data. Good luck everyone, most of you will be fine.