Clear to close in 14-21 days
The new TRID requirements have lead to a big change in the industry with regard to how we approve and close loans. However, TRID has also been an opportunity to deliver even better customer service, which was the intent of the new law.
Our adjustment has been smooth. We have had 14 new applications since October 3 which have been already cleared to close so far. Each application has been cleared to close in 14-21 days. The average is 17 days. The rest of our applications in the pipeline are all on track for this timing as well.