MISMO Targets Costly TRID Fee Cures With New Mortgage Fee Standardization Framework

MISMO has released a new white paper aimed at reducing one of the mortgage industry’s most persistent operational pain points: fee-related disclosure errors that continue to trigger costly cures, redisclosures, and post-closing remediation more than a decade after implementation of the CFPB’s TILA-RESPA Integrated Disclosure rule.The paper, Fee Standardization in the Mortgage Industry, outlines how MISMO’s Consumer Facing Charge and Fee Guide could help lenders, title companies, investors, and technology providers improve consistency in how mortgage fees are named, structured, and transmitted