A Common Language
Enabling the efficient exchange of information across the mortgage industry.
Laying the Groundwork
MISMO standards have created a foundation for driving innovation and value.
Serving the Mortgage Industry
Making the mortgage process more efficient and less costly for industry participants and consumers.
Let's Work Together
Discover the benefits of membership.
MISMO is the Language of Lending
Through broad industry collaboration, MISMO creates standards that support solutions to the industry's toughest business issues, reduce costs, and improve transparency and communications in housing finance.
Taxpayer Consent Language
MISMO's model Taxpayer Consent Language provides a consistent way for the mortgage industry to comply with the Taxpayer First Act which requires the taxpayer to provide consent for the express purpose for which their tax information will be used. Additionally, the taxpayer must provide consent for their tax information to be shared with other parties. Learn more here. Register for the Thursday, December 5th Taxpayer Consent webinar here.
Collaboration in Progress
Have you seen the just published article API Standards - The Mortgage Industry's Next Big Challenge? Check it out and learn more about some of the exciting work underway.
The MBA announced that it will invest $2 million as seed funding to enable MISMO to extend staff support and accelerate development of key initiatives such as a uniform dataset for private label mortgage-backed securities, a standardized closing instructions template, harmonized remote online notary (RON) standards, common standards to encourage B2B and B2C mobile communications, and appraisal and rent roll standards for commercial and multifamily lenders.
Become a MISMO Champion
The MISMO Champions program offers members the opportunity to support MISMO at a higher level and receive exciting benefits in return, including complimentary Summit registrations and much, much more.
2020 Winter Summit
Join us in Las Vegas from January 13-17, 2020 to engage in face-to-face standards activities and educational sessions. Our Summits are designed to meet the needs of those new to MISMO and MISMO veterans alike.
While relatively new to the mortgage industry, Interest in application programming interfaces and microservices is soaring. These system-to-system technologies have the potential to tremendously enhance communications between lenders, technology vendors and service providers, much better than the traditional, large-scale integrations to exchange data between monolithic systems that are in use today.
The eMortgage Closing Guide describes general eClosing concepts, provides general guidelines for electronic closing platforms and services, and explains the legal framework surrounding electronic closing. The eMortgage Glossary is a supplemental resource of terms and descriptions related to eMortgages. The eMorgage Guide and Glossary are being released for a 45-day comment period for MISMO members.
The Internal Revenue Service yesterday posted a clarification on the effective date of new taxpayer consent and disclosure requirements needed to obtain and share IRS tax transcript information with investors, servicers and due diligence firms.
MISMO®, the mortgage industry standards organization, released its new closing instructions templates for public comment.
MISMO®, the mortgage industry’s standards organization, invites the mortgage industry to participate in an effort to enhance its residential appraisal data standards. This effort will evaluate new types of property information that may be useful to the industry. Importantly, the GSEs Uniform Appraisal Dataset (UAD) and Forms Redesign initiative is expected to utilize the resulting update to the MISMO standards.