TRID delaying transactions as industry works out the kinks

  • TRID is extending the closing time of real estate transactions.
  • The process does seem to be improving compared to October as lenders and title companies work out the kinks.

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The complicated federal law that went into effect in October with the ominous name TRID is extending the closing time of real estate transactions, according to a sample of transaction cycles in two Western states, Arizona and Oregon collected by a leading title company.