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News & Press: Industry News

MISMO Releases ALTA-supported Closing Instructions Templates

Tuesday, November 19, 2019  
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On October 18, the Mortgage Industry Standards Maintenance Organization (MISMO) issued new templates for closing instructions. The American Land Title Association and Mortgage Bankers Association have been working with MISMO to create the common templates.

The Closing Instruction Templates include two distinct templates:

  1. The Master Closing Instruction Template contains lender instructions that are common to all loans closed for that lender. It includes items such as instructions for conflicts of interest; data security and document destruction; verification of signer identity; and recording. 

  2.  The Transactional Closing Instruction Template includes information relating to a specific loan. It includes items such as borrower contact information; property information; critical dates; and conditions and stipulations. MISMO has also developed an implementation guide to assist with the adoption of the new templates.

The results of this collaborative process are expected to contribute to improved communications between parties, reduced error and a better consumer experience. Lender adoption of the templates is expected to reduce miscommunication and resulting errors that occur at closing due to wide variance in formats that currently exists. The templates focus on the format and organization of closing instructions rather than legal language that a lender may include in the instructions.

The Closing Instruction Templates will be available for MISMO member comment until Dec. 23. Interested parties are welcome to submit comments or questions to

The comment period is intended to afford workgroup participants who worked on the proposed closing instruction templates at least 30 days’ notice prior to final release to review the templates and disclose any applicable Patent Rights (as defined by MISMO’s 2018 Intellectual Property Rights Policy

The new closing instruction templates and implementation guide can be accessed here.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851