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.
Collaboration in Progress
Check out MISMO's New JSON Development Workgroup!
JSON is a lightweight language for structuring data that is frequently used to exchange information through application programming interfaces (APIs) and mobile platforms.This activity builds upon MISMO's first JSON initiative to develop standards for consumer transactions. With this expanded effort, MISMO hopes to create consistency within the growing number of transactions taking place in JSON format.
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.
MISMO® Issues Taxpayer Consent Language as Solution for New IRS Requirement on Sharing Tax Transcripts
MISMO®, the mortgage industry's standards organization, has issued its Taxpayer Consent Language, which permits lenders to share tax information received from the Internal Revenue Service (IRS) with other parties involved in a mortgage transaction.
MBA Commends the SEC for Reviewing Disclosure Requirements regarding Residential Mortgage-Backed Securities
WASHINGTON, D.C. (October 31, 2019) - Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit, CMB, released the following statement regarding Securities and Exchange Commission (SEC) Chairman Jay Clayton's call for public feedback on the Commission's disclosure requirements for residential mortgage-backed securities (RMBS)
The Closing Instruction Templates includes two distinct templates. The Master Closing Instruction Template contains lender instructions that are common to all loans closed for that lender.
MISMO announced release of a draft update to its SMART Doc® Implementation Guide for member comment.
The paper, Without Data Standards, Mortgage Industry Doesn’t Go Digital (https://www.fanniemae.com/content/fact_sheet/data-standards-white-paper.pdf), authors Prabhakar Bhogaraju, Sandro Barchitta, John Burgess and Noah Israel note while the mortgage industry has been slow to adopt digitization, the imperative has become a “crescendo.”