MISMO Releases Consumer-Facing Charge and Fee Guide

August 15, 2023

The Mortgage Industry Standards Maintenance Organization (MISMO) moved its Consumer Facing Charge and Fee Guide to “Candidate Recommendation” status.

This means the guide has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry. The ALTA MISMO Liaison Work Group, led by Ruth Dillingham, worked closely with MISMO to develop the fee guide.

The new Consumer Facing Charge and Fee Guide will benefit lenders and vendors by providing a standard set of expected fee names and descriptions for the Loan Estimate and Closing Disclosure for commonly used fees.

Contact ALTA at 202-296-3671 or [email protected].