Congratulations to these MISMO RON-Certified Providers
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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.
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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.
Provides information on digital mortgage resources. In response to COVID-19 issues, first posting includes a list of Remote Online Notarization Providers. Find more information here.
Collaboration in Progress
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.
WASHINGTON, D.C. (October 15, 2020) - MISMO®, the mortgage industry's standards organization, today announced that its widely-adopted MISMO 3.4 Reference Model has been upgraded to "Recommendation" status. This status is the highest possible maturity level that can be bestowed on a MISMO standard.
The Mortgage Industry Standards Maintenance Organization on Tuesday formally voted to approve recommended language for tax-transcript authorizations in a move that suggests industry adoption has reached the point where it could start simplifying compliance reviews.
MISMO®, the mortgage industry's standards organization, today announced that its successful Taxpayer Consent Language is approved as a new standard. MISMO's Taxpayer Consent Language was created to provide a consistent way for the mortgage industry to comply with the new requirements of the Taxpayer First Act that went into effect at the end of 2019. The law requires taxpayers to provide consent for the express purpose for which their tax information will be used. The MISMO consent language is widely used across the industry since it allows lenders to share tax information received from the Internal Revenue Service (IRS) with other parties involved in a mortgage transaction.
Cute and customized face masks are wildly popular these days, launching a whole new industry. Closer to home, in our industry, popularity of vendors providing for Remote Online Notarization is surging. Thanks to the pandemic, RON vendors were rather unmasked, going from gaining marginal traction to epic growth – overnight. MISMO is leading the way, with a sharp machete clearing the path through the state level regulatory and compliance jungle.
For the better part of two decades, technology has been poised to transform the time-consuming and paper-centric process of closing a mortgage. In order to perform an electronic closing or e-closing, all documents need to be electronic. Additionally, systems must not only have the capability to sign and notarize electronic documents but also must be able to record the electronic document in public land records. To accomplish this, there are still figurative monsters to slay on this voyage.
e-Closing platform Pavaso announced on Monday it has been awarded the Remote Online Notarization Compliance Certification through the Mortgage Industry Standard Maintenance Organization – making it the fourth 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.