I've set view distance from 10 to 4 and it decreased loading times for me significantly (down from 4-5 minutes to couple of seconds).Other players reported that decrease from 10 to 7 worked for them too.
It seems like the game is pre-loading the entire zone every time we change location/use portal/HS if v.d. setting is set to max 10 distance, so it causes problems for players with MAX on and w/o SSD disc.
That helped me a lot. It decreased loading screen from ~~5min to 30 secs? Now I feel I can play :')
I didn't have the view distance set to 10 (but 8) but I figured it as still worth a shot, so I moved it down to 6 and my loading screens are 2-4 seconds now, down from... a LOT.
Take care, hug a chair!