MISMO® Software Compliance Certification Program


 TILA RESPA Integrated Disclosures (TRID) Domain Description

The scope of the TRID /Know Before You Owe (KBYO) Domain description includes the following: 

  • Data aspects of Integrated Disclosures, specifically data and information exchanges required to support the Closing Disclosure and/or Loan Estimate artifacts.
  • Production, transmission and consumption of MISMO XML messages, or information exchanges, specific to the Closing Disclosure and/or Loan Estimate artifacts.

Potential Use Cases Associated with the Domain(not an exhaustive list):

  • Production, transmission and consumption of a MISMO Version 3.3 transaction dataset specific to support of the CFPB Closing Disclosure.
  • Production, transmission and consumption of a MISMO Version 3.3 transaction dataset specific to support of the CFPB Loan Estimate.
  • Preparation of the Closing Disclosure Form from a MISMO Version 3.3 transaction dataset.
  • Preparation of the Loan Estimate Form from a MISMO Version 3.3 transaction dataset.
  • MISMO Version 3.3 mapping of internal systems to Closing Disclosure and/or the Loan Estimate.
  • Production, transmission and consumption of a MISMO Version 3.3 transaction dataset in support of the GSE Uniform Closing Dataset.

PLEASE NOTE: MISMO Software Certification in the TRID Business Domain is NOT certification that the product is in compliance with TRID rules and regulations. It is certification of appropriate use of MISMO standards and best practices related to the data aspects of the Integrated Disclosures, specifically data and information exchanges required to support the Closing Disclosure (CD) and/or Loan Estimate (LE) artifacts.