MISMO Starts New Effort to Enhance Trust in the Digital Process
MISMO®, the Mortgage Industry Standards Maintenance Organization, is inviting mortgage industry participants to collaborate in a new effort to create a more trustworthy, verifiable process that provides assurance that loan documents and associated data are consistent, reliable and unaltered. This effort will be conducted by the newly created workgroup known as the MISMO Version 3 Verifiable Profile SMART Doc® Development Workgroup.
"The new version 3 SMART Doc specification will accelerate digital transformation efforts and enable organizations to further automate document and other compliance processes" said Charlie Epperson, Chief Information Officer of MRN3. "MISMO provides a tremendous forum for mortgage industry collaboration and innovation through which we can enhance the standards and bring these capabilities to the industry". Read More Here.