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Candidates and campaign staff listen to a breakout session on New Media campaign tactics at the Ohio Republican Party's 2008 Candidate Training Seminar on Saturday, April 19. REALTORS® are preparing for the October 3rd implementation of the new TILA RESPA Integrated Documentation (TRID) closing process.  Under TRID, the current closing documentation will be streamlined and reduced. The TRID changes don’t directly affect REALTORS® business but may affect closing deadlines and there are things REALTORS® can do to help ameliorate the impact. Ken Fears, Director, Regional Economics and Housing FinanceKen Fears is the Manager of Regional Economics and Housing Finance Policy.



In addition, features are added to the closing documents that are intended to help consumers better understand their financial commitment.
37.0% of respondents have developed plans with their lender or title company to help smooth the process, while a significant share plan to perform final inspections earlier or will provide contracts and amendments to the lender earlier. Most REALTORS® are aware of the changes, taking actions, and working with industry partners to smooth the transition.
To find out how REALTORS® are preparing for these changes, NAR Research surveyed members in early August of 2015.





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