Average Closings Increase to 50 Days Post TRID

02/19/2016
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As expected, TRID has caused the average time for a real estate transaction to close to increase to 50 days.  No surprise here, but maybe if we make enough noise someone, somewhere with somehow be able to do something about it.

Comments

comments

Comments
  • That ending was hilarious…..and the image of “old man Frank” I could have done without.

    Mike Didier February 19, 2016 6:33 am Reply
  • I am not having an issue the lenders closing in 35 days or less. I have worked with post TRID 7 closings and not an issue. But I am not dealing with the BIG four, well I did one WF. Escrow opens escrow officer gets the lender their closing costs to the lender the first two days of opening escrow. The slowest is the lender getting the buyer the CD! Hard for the lenders to put that up front for buyer approval. The pre TRID was sign it or cancel the moving truck!

    Tere Rice February 19, 2016 9:00 am Reply
  • Regarding drones and marketing, you’re dead on. Just because you can do something, doesn’t mean you should.

    Bill Byrne February 19, 2016 11:17 am Reply
  • Gotta love Jack. Wish someone would talk to Cordray like that. Maybe Trump will fire him. I’m closing in 30 or less. Easy peazy.

    Nancy Viejo February 20, 2016 6:26 am Reply
  • I don’t know where you guys get your information from, but I’m still closing deals in way less than 30 days. Last one was 20 days.

    Ray Waisler your ATL mortgage guy February 20, 2016 2:08 pm Reply

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