MISMO To Address Inconsistencies in Electronic Mortgage Documents
MISMO, the mortgage industry standards organization, seeks industry participation in an effort to reduce friction due to the use of non-standard electronic documents (eDocs). Inconsistencies in current practice hinder scalability as the industry moves toward a fully digital mortgage. Collaborative development of standards and best practices will improve the interoperability of eDocs so that they may be exchanged in a seamless manner. MISMO's new eDoc/eMortgage Vault Interoperability Development Workgroup will be responsible for identifying inconsistencies and challenges in electronic documents and identify solutions and best practices for eliminating the issues... read more here.