Items Tagged with 'MISMO'

ARTICLES

  • 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?
    Read More
  • 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?
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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?
    Read More
  • 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.
    Read More
  • MISMO announces comment period for new version

    Invites comments on version 3.3.1 of the MISMO Residential Reference Model
    Version 3.3.1 of the Standard includes new data points and structures to support regulatory requirements and additions in the areas of mortgage insurance coverage and conditions, title, payoff and property valuation, MISMO said.
    Read More
  • From HW Magazine

    No room for fraud

    Will the digitization of mortgages scrub fraud from the books?
    There’s no question that mortgage fraud is rampant – and expensive. Since the beginning of 2012, mortgage application fraud has totaled more than $30 billion nationally with income fraud experiencing the biggest year-over-year increase, according to CoreLogic.
    Read More