ALTA TRID Experience Survey

1. Section 1

The purpose of this survey is to gain an understanding of the impact of TRID on title and settlement agent's operations and the closing experience. This survey will inform ALTA's advocacy and engagement with the CFPB on their ongoing TRID assessment.

Question Title

* 1. Does your company conduct closings for residential real estate transactions?

Yes

No

Question Title

* 2. In 2015, approximately how many closings did your institution conduct?

less than 500

500-1000

1000-2500

2500-5000

over 5000

Question Title

* 3. In 2019, approximately how many closings did your institution conduct?

less than 500

500-1000

1000-2500

2500-5000

over 5000

Question Title

* 4. How long does it typically take to review and sign settlement documents with the buyer and seller?

under 30 minutes

30-45 minutes

45-60 minutes

60-75 minutes

75-90 minutes

over 90 minutes

Question Title

* 5. How does that compare to a closing prior to TRID in 2015?

Much longer

Slightly longer

About the same

Slightly shorter

Much Shorter