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.
I saw the announcement from Bob Broeksmit at MBA about changes at MISMO recently and realized that I don’t know a lot about what MISMO does. I asked my cat Myrtle and she didn’t know either, so I reached out to learn more from Mike Fratantoni, who is the Chief Economist at MBA and also the President of MISMO.
MISMO®, the mortgage industry standards organization, said it will evaluate the need for standards to facilitate early identification of loans that may become delinquent or be in distress. This effort is intended to provide for more efficient exchange of information among parties to help address borrowers who might be in the early stages of financial distress. A new workgroup, which will be called the MISMO Servicer Portfolio Risk and Retention Development Workgroup, will be responsible for this initiative.
Over the last several years, the Mortgage Industry Standards Maintenance Organization (MISMO) has been the driving force as the mortgage industry has transitioned to a digital world.
The Mortgage Bankers Association, MISMO and Mortgage Electronic Registration Systems (MERS) Board of Directors approved an $0.75 administrative fee for every new loan registered on the MERS system to help fund MISMO initiatives.
MISMO continues to deliver for the industry by digitizing processes and finding better ways to serve consumers,” said Mike Fratantoni, President of MISMO and Chief Economist and Senior Vice President of Research and Industry Technology with the Mortgage Bankers Association. “iLAD will allow for seamless exchanges of loan application data and will provide a better experience for all industry participants.