Adoption of the technology standards issued by the Mortgage Industry Standards Maintenance Organization can dramatically lower origination costs for both lenders and borrowers, according to a study commissioned by the Mortgage Bankers Association. Direct costs can be lowered by as much as $249 per loan, the researchers found. In addition, the surveys show that execution costs can be improved by as much as 15.38 basis points, a 25-50 percent pickup in retail lending margins, or…