NAR Feels TRID is Looking Good

03/01/2016
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The National Association of Realtors put out a report that, in their opinion, seems to paint TRID in a pretty good light with respect to extended closings.  What do you think?

CLICK HERE to help Nate Ellis via his GoFundMe page.

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Comments
  • Hey guys, I wanted to contribute to helping Nate at “Go Fund Nate” but it wasn’t down below. Can you send me the link. Thank you guys for all the great information and insight that you provide. Laura

    laura Nichols March 1, 2016 4:24 am Reply
  • It is true I have not done a lot of loans since TRID kicked in, however, my very latest Purchase Money Loan closed within 26 days from start to finish. I submitted the loan with United Wholesale Mortgage (a great Lender I have found) on Monday, February 1st and it closed/funded/recorded on Friday, February 26th. It could have closed faster but the Title company was not organized. Anyway, it was a $417k Conventional 30 year Fixed at 95% CLTV (only 5% cash downpayment), full doc, 800 FICO, great income self-employed Borrower for an OO, SFR in Contra Costa County, California! I know that purchase loans move faster and have priority, so, I will see how my next refinance turns out…

    Leslie De Palo March 1, 2016 10:35 am Reply

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