921,504
Loan officers. TRID effect 100% of their transactions but only 40% of mine.
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Debbie Gartner
White Plains, NY
784,786
765,973
Realtors will affected and impacted most by the horrific change. Lenders deal with this type of situation daily and to them it will just be another obstacle. We, as Realtors, will feel the impact of the notice to perform and calls from agents, buyers and sellers. We need to dot our I's and cross our T's from day one of the transaction.
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Bob Betel
Sweetwater, TN
6,415,944
3,167,489
I would say that borrowers will the most affected. My loan officers have be getting prepared for months and I think they are ready and have done a great job.
3,986,308
212,755
67,369
66,249
Our LO's are excited about the change, we see it as a major comparative advantage since we are prepared. We also have been holding regular courses for Agents to attend. We see it as an opportunity to increase the communication between all parties to ensure the consumer has a smooth transaction.
To answer the question - I think the impact will be affect both equally.
1,077,931
I think both equally, with the exception of listing agents accepting cash offers.
Everyone relies on the loan process, and everyone is subject to it's delays.
4,800,132
It will affect us both, though those that plan for the potential issues will probably be effected least.