Items Tagged with 'MISMO'


  • MBA releases version 3.5 of MISMO for public comment

    New version includes updates for trended credit data
    After months of collaboration from volunteers within the mortgage industry, the Mortgage Bankers Association released its latest version of its MISMO reference model for public comment. The new version will have several updates including updates to support the trended credit data processes.
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  • MISMO requests participation for creating enhanced digital verification process

    New group to address implementation guidance
    The Mortgage Industry Standards Maintenance Organization, a subsidiary of the Mortgage Bankers Association, announced it is inviting the mortgage industry participation in creating an enhanced digital verification process. The process will ensure a user's data and document are in agreement and have not been modified.
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  • Are you ready for GSEs' new UCD mandate?

    The deadline is upon us
    [Expert commentary] The deadline to achieve Uniform Closing Dataset compliance is upon us, and it will prove challenging. Fannie Mae and Freddie Mac’s UCD requirement deadline of September 25 is mere days away. So what are the available options in order to meet the UCD delivery requirements?
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  • As online notarizations increase, MBA seeks industry standards

    MISMO invites mortgage industry participants to collaborate
    The Mortgage Bankers Association announced MISMO, the Mortgage Industry Standards Maintenance Organization, is looking into online notarizations to establish an industry standard. While online notarizations are still relatively new to the industry, the group is hoping to create a list of best practices to better unite the industry. Want to join in?
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  • MBA requests mortgage industry input on unified MISMO closing instructions

    Designed to avoid delays in mortgage closing process
    The MBA announced MISMO is requesting help from the mortgage industry as it seeks input on its new closing instruction industry standards. The MBA explained the new standards will improve communication and speed up the closing process. The MBA explained that a standard template for closing instructions will ensure the same type of information can be found in the same place on every lender’s closing instructions.
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  • MBA appoints two new members to MISMO board of directors

    Each elected for two-year terms
    The Mortgage Bankers Association named two new industry veterans to the Mortgage Industry Standards Maintenance Organization board of directors. Read for more about the new members: Quicken Loans’ executive vice president and Black Knight’s senior vice president.
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  • Here are the changes coming to MISMO membership structure

    'Will encourage greater participation'
    The Mortgage Industry Standards Maintenance Organization unveiled a new plan to promote greater participation. Starting next year, it will simplify its membership structure to support broader participation in the creation and use of its standards across the mortgage industry lifecycle.
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  • MISMO will push deadline to November

    Committee says industry has plate full with TRID, etc.
    The MISMO Residential Standards Governance Committee has announced that it will defer the release of Version 3.4 of the MISMO Reference Model to November 2015. Wise move?
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  • From HW Magazine

    MERS upheld

    CEO: The future is binary
    "If you look at what we do, fundamentally, MERS is the mortgagee on behalf of the investor and its assigns, it’s not a whole lot more complicated than that. And that role as an agent is well rooted in the laws of this country. So when you get down to it, and when we get challenged, we typically prevail. We simply take away all the clutter and present what we do, and what the laws actually say, and we get there," MERS CEO Beckmann said in an exclusive profile only in HousingWire magazine.
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