News
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MISMO Seeks Public Comment on MISMO Life of Loan Product
March 4, 2021
MISMO® announced today that it is seeking public comment on the MISMO Life of Loan Business Model and MISMO Engineering Guidelines (MEG) 3 and 6.
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MISMO Seeks Public Comment on Commercial Appraisal Dataset
March 4, 2021
MISMO® announced today that it is seeking public comment on its Commercial Appraisal Dataset. The comment period, which ends on March 26, 2021, is intended to enable the public time to review and comment on recent dataset updates completed in response to feedback received during the initial comment period.
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MISMO Wins 2021 HousingWire Tech100 Mortgage Award
March 2, 2021
MISMO, the mortgage industry’s standards organization, has been named a 2021 winner of HousingWire’s Tech100 Mortgage award. The award criteria were based on technology innovation and impact within the mortgage market.
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FHFA Releases 2021 Scorecard for GSEs, Common Securitization Solutions
February 18, 2021
The Federal Housing Finance Agency last week released the 2021 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations, serving as an essential tool to hold the Enterprises accountable.
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MISMO Issues Statement on the Federal Housing Finance Agency (FHFA) 2021 Scorecard on GSEs and Common Securitization Solutions (CSS)
February 16, 2021
"As the mortgage industry's standards organization, we applaud FHFA for highlighting MISMO's critical work to facilitate the development of standards for servicing transfers. Currently, servicing transfers require an immense investment of time and resources, and MISMO strongly believes that standards will reduce friction and allow for a smoother exchange of information.
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Seth Appleton: Five Key Themes from the MISMO Winter Summit and What We’re Doing to Address Them
February 11, 2021
Read Seth Appleton's 5 Key Themes from the MISMO Winter Summit and how the MISMO community is addressing them.
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MISMO Issues Statement in Support of Ginnie Mae’s Issuance of its First Mortgage-Backed Security backed by eNote Pools | Mortgage Bankers Association (mba.org)
January 27, 2021
Seth Appleton, President of MISMO®, today issued the following statement in support of Ginnie Mae issuing its first mortgage-backed security backed by eNote-based digital pools.
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MISMO President Seth Appleton highlights MISMO priorities and initiatives for 2021
January 27, 2021
MISMO President Seth Appleton highlights MISMO 2021 priorities and initiatives including work to accelerate the industry’s digital future and the rollout of the Innovation Investment Fee.
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MISMO Issues Statement on the FHA Catalyst Single Family Origination Module
January 19, 2021
Seth Appleton, President of MISMO®, today issued the following statement in support of the FHA Catalyst Single Family Origination Module:
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MISMO Seeks Participants for Two New Workgroups Focused on RON Standards and an OpenAPI Specification for Determining Program Loan Limits Applicability
January 19, 2021
MISMO®, the industry's standards organization, today announced it is seeking participants for two new workgroups. The first is focused on assessing the existing MISMO remote online notarization (RON) standards. The second aims to create a MISMO standards-based application programming interface (API) specification that returns loan limits based on property address.
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MISMO Announces Winners of 2020 Contributor Awards
January 14, 2021
MISMO this week announced winners of its Contributor Recognition Awards Program for 2020. MISMO recognized the following individuals at its virtual Winter Summit:
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MISMO to prioritize eMortgages in 2021
January 11, 2021
This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization, a not-for-profit subsidiary of the Mortgage Bankers Association, will continue to focus on digital closings.
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MISMO Announces 2021 Board of Directors
January 11, 2021
MISMO today announced its Board of Directors for 2021. MISMO, which is a subsidiary of and managed by the Mortgage Bankers Association (MBA), is the mortgage industry's standards organization working to enable the industry to speak the same language.
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RON transactions increase 547% in 2020
December 23, 2020
Adoption of remote online notarization soared 547% in 2020, according to a new survey from the American Land Title Association of major vendors working in the RON space. The increase in adoption is largely due to protocols related to the COVID-19 pandemic and the fact that 29 states have passed permanent RON legislation. “Today, RON is being utilized most extensively in Florida, Texas and Virginia,” ALTA told its members. “Additionally, use of this technology is trending up significantly in Midwestern states. A decade ago, Virginia became the first state to enact a RON law and in 2017 Texas was the third state to approve RON legislation. Florida’s law is relatively new, having passed in 2019, but adoption there has been rapid.”
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MISMO Statement in Support of the Financial Stability Oversight Council’s Recommendation on Adoption and Use of Industry Data Standards
December 8, 2020
Seth Appleton, President of MISMO®, today issued the following statement in support of the Financial Stability Oversight Council's (FSOC) annual report recommendation that the industry adopt and use industry data standards: "MISMO commends and supports the recommendation in the FSOC's annual report that member agencies support adoption and use of standards in mortgage data, including consistent terms, definitions, and data quality controls."
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Companies with MISMO RON certificate double in three months
November 19, 2020
Digital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) – making it the eighth company to receive the specialized certification. Originally introduced in April, the MISMO RON compliance certification was designed to assure RON tech providers meet a universal set of standards including credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails.
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‘Collaboration and Trust:’ Seth Appleton on the Future of MISMO
November 18, 2020
Seth Appleton joins MISMO in December as its new President, responsible for the mortgage industry standard organization’s overall strategy and direction.
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MISMO Launches CRE Property Financials Workgroup and Issues Call for Participants
November 18, 2020
MISMO®, the mortgage industry's standards organization, today announced a call for participants for a new workgroup focused on a standards solution for commercial real estate (CRE).
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Mortgage Data Standards Technology, business and policy joining forces to advance the industry
November 18, 2020
In this report, we analyse the potential impact of initiating a system of data standards in the Canadian mortgage industry. Based on findings from various reports commissioned by CMHC and other literature, we find that the development of a mortgage data standards framework in Canada represents a potential net benefit to all industry participants
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MISMO® Selects Seth Appleton as its New President
November 10, 2020
MISMO® announced today that it has selected Seth Daniel Appleton as its new president. Appleton currently serves as the Assistant Secretary, Policy Development and Research, for the U.S. Department of Housing and Urban Development (HUD) and as the Principal Executive Vice President of Ginnie Mae. He will join MISMO on December 1.