MISMO® Announces Call for Participants for Workgroup to Enable Digitization of Closing Instructions

Mortgage Bankers Association

MISMO®, the mortgage industry's standards organization, today announced a call for industry experts to participate in a working group to enable the digitization of closing instructions. The Closing Instructions Development Workgroup completed, and MISMO released, Master and Transactional Closing Instruction templates earlier this year. These new standards bring needed efficiencies to the closing process including reduced fee refunds, lower operational overhead, reduced compliance and loan salability risk, and enhanced consumer experience... Read More Here!