The national average total closing costs for a purchase mortgage transaction were $4,661. This amount consists of a national average of 1.06% of the home sales price.
For this special episode of the Full Disclosure podcast, Jim and Alayna are returning to their Lending Leaders roots and welcoming an exciting guest, Brian Vieaux, CMB, the new president of MISMO. Together they discuss the future of mortgage industry standards and how rapidly AI is changing the game.