MISMO Wins 2021 HousingWire Tech100 Mortgage Award

An Executive Summary of MISMO Accomplishments

MISMO Resources

Check out MISMO Resources for an Executive Summary of MISMO Accomplishments

Congratulations to these RON-Certified Providers

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.

Innovation Investment Fee

MBA and MISMO boards of directors endorsed a funding model of a $0.75 fee for all new loans, the billing occured in early February, 2021. For the first year only, the bill will include originations for the six-month period from July 1, 2020 through December 31, 2020. Learn more about the innovation investment fee here

Collaboration in Progress

Check out MISMO's recent Collaborative Efforts!

Residential & Commercial:
ESG CoP
Residential:
FIPS Code API DWG
Next Gen MISMO RM DWG
Servicing Transfers DWG
Commercial:
Commercial Appraisal DWG

MISMO Resources

Check out the MISMO Resources page for a summary of MISMO Accomplishments.

Click HERE to see what MISMO is working on! 

Get Certified

Become a Certified MISMO Standards Professional (CMSP®) and get recognized for your advanced knowledge of MISMO best practices, or enroll your products in the MISMO Software Compliance Certification Program to gain a competitive edge in the marketplace.

2021 Fall Summit

The MISMO Fall Summit will take place September 20-24, 2021 in Washington, DC.

The Latest News

  • MISMO releases new dataset, seeks comment

    MISMO has released a new standardized dataset meant to improve the quality and consistency of mortgage asset data sent to the rating agencies and is seeking public comment.Known as the private label securitization (PLS) standard, this new dataset should lead to improved due diligence for private label residential mortgage-backed securities, MISMO said.“If market participants are going to truly capitalize on the increased volume of loans for which PLS may be the best execution in the secondary market due to GSE policy changes and home price appreciation – particularly for the second home, investor property, and jumbo mortgages – then they need the increased capacity and efficiency that comes from data standardization,” MISMO President Seth Appleton said in a release.

  • MISMO Issues Call for Participants for New Workgroup Focused on Creating Business Reference Architecture

    MISMO®, the real estate finance industry's standards organization, today announced it is seeking participants for a new development workgroup (DWG) focused on the creation of a Business Reference Architecture.The DWG is focused on creating a "starter kit" that will enable industry professionals to quickly implement MISMO standards according to their business needs. The kit will include multiple components, such as recommendations, best practices and design, supporting faster and more streamlined implementations that enable industry to gain efficiencies and business benefits with speedier adoption.

  • MISMO Announces New PLS Dataset And Seeks Public Comment

    MISMO®, the real estate finance industry's standards organization, today announced it is seeking public comment on its new standardized dataset which facilitates the electronic exchange of mortgage asset data to credit rating agencies. The 90 day public comment period for the dataset runs through November 5, 2021.

  • New MISMO standards are critical to a growing PLS market

    Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. In the intervening years, the makeup of the RMBS market has changed significantly and, today, Fannie Mae, Freddie Mac, and Ginnie Mae are responsible for approximately 99% of RMBS issuance. For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth in jumbo loan volume driven by increasing home prices, there has been renewed interest in the PLS market and its future growth.

  • MISMO Seeks Participants for Phase Two of Commercial Appraisal Dataset Standard Focusing on Retail, Office, Industrial Properties

  • MISMO Seeks Participants for Next Generation 4.0 Reference Model Workgroup

    MISMO®, the real estate finance industry's standards organization, seeks participants for a new development workgroup (DWG) for the Next Generation 4.0 Reference Model (RM).The Next Gen 4.0 RM DWG is pursuing a new methodology to manage the underlying master data in the Reference Model to improve the successful adoption of MISMO work products. This RM will enable industry stakeholders to implement MISMO-based solutions in a more timely and cost-effective manner.

MISMO Champions

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