Congratulations to these MISMO RON-Certified Providers
MISMO Seeks Nominations for Standards Governance Committee Members
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.
Let's Work Together
Discover the benefits of membership.
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.
MISMO's 2020 Virtual Fall Summit will take place from Monday, August 31st - Thursday, September 3rd. For more information on the Summit click Here.
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.
MISMO is calling for mortgage professionals to participate in a working group focused on enabling the digitization of closing instructions.The mortgage industry's standards organization has invited industry experts to join its Closing Instructions Development Workgroup, which will tackle the previously released Master and Transactional Closing Instructions templates.
MISMO®, the mortgage industry's standards organization, today announced a call for industry experts to participate in a working group to enable the digitization of closing instructions. The Closing Instructions Development Workgroup completed, and MISMO released, Master and Transactional Closing Instruction templates earlier this year. These new standards bring needed efficiencies to the closing process including reduced fee refunds, lower operational overhead, reduced compliance and loan salability risk, and enhanced consumer experience.
MISMO® Statement on Ginnie Mae and Federal Home Loan Banks of Dallas and Des Moines Accepting eNotes as Collateral
"MISMO commends and supports recent moves by Ginnie Mae and the Federal Home Loan Banks of Dallas and Des Moines to begin accepting residential mortgage electronic promissory notes - eNotes - as collateral. These eNote implementations are based on the MISMO SMART Doc® specification that is deployed across the mortgage industry. These developments help advance digital mortgage adoption as most lenders will be able to use eNotes and access additional sources of liquidity for the majority of their loans."