TRID lengthening closing times

Dec 31st 2015

Real Estate

TRID lengthening closing times

The average time to close on a mortgage was 49 days in November, the longest timeline since February 2013, according to Ellie Mae. The National Association of REALTORS® has flagged the new RESPA-TILA "Know Before You Owe" mortgage regulations, which took effect Oct. 3, as the likely culprit for the longer closing times.

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James T. Wanzeck

James T. Wanzeck

RE/MAX Professionals
6020 Greenwood Plaza Boulevard
Greenwood Village, CO 80111, USA
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