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New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency
New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation
Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan
MBA’s standards organization says inconsistent fee naming still drives costly redisclosures and rework, with fee-related cures affecting more than 30% of mortgage loans
MISMO’s new FRAME initiative aims to help mortgage lenders operationalize responsible AI governance across the loan lifecycle
NextGen buyers prepare early for homeownership. Can standards connect that readiness to the mortgage process?
