In February 2016, Callahan Associates surveyed 203 credit union executives from 46 states regarding their preparation, implementation, and post-TRID experiences.
The survey was designed to evaluate the impact of TRID across four categories:
- The effects of TRID on mortgage closing.
- The primary causes of TRID delays.
- The delivery timeline of mortgage disclosures.
- The state of mortgage origination operations.
Additionally, Callahan collected open-ended feedback from respondents that illustrates how their credit union plans to avoid TRID delays in the future. All input was invaluable as Callahan continues to research, document, and spread best practices within the credit union community.
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