MISMO creates essential standards designed to increase efficiency, accelerate our industry’s digital transformation and enhance the interoperability of data, systems and technology platforms in real estate finance. In a challenging market, MISMO’s work to bring efficiency to the business is more important than ever before.
In 2022, MISMO introduced the e-Eligibility Exchange, Powered by Snapdocs, to drive the adoption and scalability of digital mortgage closings. The e-Eligibility Exchange provides centralized access to acceptance criteria that enables lenders and other industry participants to easily determine the right type of digital mortgage closing for each loan, including the use of electronic promissory notes (eNotes) or remote online notarization (RON). The Exchange is part of MISMO’s goal to offer solutions to mortgage finance’s toughest challenges, support broad adoption of industry standards, and enhance the scalability of digital closing. MISMO created the e-Eligibility exchange to facilitate the centralized collection, consolidation, maintenance and accessibility of e-Eligibility data.
Loan Origination, Servicing, Secondary, Appraisal / Valuation, Title, Closing