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MISMO white paper details path to standardize mortgage fee descriptions
MISMO’s new white paper explains how standardized consumer-facing fee naming can cut TRID cure costs and improve mortgage fee transparency.
The Mortgage Industry Standards Maintenance Organization (“Fee naming has been a longstanding source of friction and cost across the mortgage lifecycle,” Industry studies cited by MISMO estimate fee-related cures affect more than 30% of loans and MISMO said broader adoption of standardized fee structures could reduce manual reconciliation work, improve
Source Reference
Originally published by Sarah Wolak, HousingWire Automation
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