American Banker: Lenders Still Struggling with TRID, Survey Finds

Here (behind paywall). Excerpt:

Bankers are still grappling with vendor software problems, longer processing times and delays in mortgage closings as a result of new disclosures that went into effect four months ago, according to a new survey by the American Bankers Association.

The survey, which was released Tuesday, found that banks are delaying closings by eight days on average, with some institutions reporting delays of up to 20 days.

Some or all of the delays seem likely to be caused by the transition from the old forms to the new forms. It remains to be seen whether the forms cause delays after the adjustment period runs its course.

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