MISMO®, the real estate finance industry's standards organization, today announced that it has added more than 40 new standardized fee names and definitions to its Fee Naming Guide. The additions to the Guide are intended to further standardize the use of names and descriptions for fees used across the mortgage industry, enabling better communication across all parties.

“MISMO developed this guide to promote the uniform usage of fee names and descriptions for the purpose of creating consistency across the industry and to facilitate efforts to comply with regulations,” said MISMO Acting President Rick Hill. “These efficiencies ultimately reduce costs and save time for all parties involved.”

The recent updates include the addition of over 40 new fee types that were developed through industry collaboration in the Fee Modernization Development Workgroup. These new Fee Types were also included in MISMO’s recent release of version 3.6.1 Reference Model.

MISMO is seeking public comments on revisions to the previously published Consumer-Facing Charge and Fee Naming Guide. The 30-day public comment period will run through August 7, 2025.

The public comment period allows at least 30 days’ notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy).

MISMO requests that any organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products to disclose them at this time in writing. All comments and disclosures are due by August 7, 2025, and should be directed to info@mismo.org.

MISMO’s work to solve key business challenges is made possible by its members, champions, sponsors, and lender support through the Innovation Investment Fee. Visit MISMO.org to learn how you can get involved.