MISMO, the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association, plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC).

The launch of the working group comes at a time when HELOCs are an increasingly popular choice for homeowners who want to tap into their home’s rising equity while protecting their existing low mortgage rates.

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing details ⇒

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