MISMO Wins 2021 HousingWire Tech100 Mortgage Award
Check out MISMO Resources for an Executive Summary of MISMO Accomplishments
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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.
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.
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.
Formed in 1999, the Mortgage Industry Standards Maintenance Organization (MISMO) has played a key role in making sure that the mortgage industry is working on the same page. MISMO creates standards for the industry that are accepted and deployed by every lender in the U.S., and they are required by most regulators and housing agencies as well as the government-sponsored enterprises.
Award Recipients Recognized for Outstanding Contributions to MISMO and Industry Standards
MISMO Board Leading Efforts to Deploy Essential Standards and Innovative Resources That Solve Industry’s Highest Priority Business Challenges
New Dataset Creates Better Experience for Exchanging Whole-Property Utility Data
As the real estate finance industry transitions from the highs and lows of the COVID era into the new normal of 2022, industry standards will continue to play a key role in helping us solve ongoing business challenges, regardless of the market environment.MBA forecasts that total mortgage originations will fall next year to $2.6 trillion from an expected $3.9 trillion in originations in 2021. Fluctuating mortgage rates, a shift from refinances to purchase transactions, a strong interest in servicing, a competitive housing market, and labor shortages present opportunities for the real estate finance industry to leverage standards to streamline processes and procedures in order to better serve borrowers.
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on a proposed standard which will facilitate a more accurate and efficient exchange of commercial financial operating statement data. The 90-day comment period starts today and runs through March 8, 2022. The new MISMO exchange was developed by commercial real estate and technology professionals in response to the need to create a standard structure for sharing property financial operating statement data. The data exchange facilitates the efficient exchange of any property financial statement regardless of which chart of accounts is used, giving the commercial real estate industry greater flexibility without requiring all parties to adopt a single chart of accounts.