MISMO, in partnership with the Conference of State Bank Supervisors (CSBS), and through MISMO's MCD workgroup, has created the Mortgage Compliance Dataset (MCD) — a new data standard designed to make state supervisory compliance examinations for residential mortgage loans more efficient, consistent, and transparent.

If you want to learn more about the benefits of the Mortgage Compliance Dataset:

 

Read the Mortgage Compliance Dataset: An Industry Brief and learn more from the following sections:

    • The Compliance Problem: Scaling in a State-Based System 
    • Why MISMO Was the Right Place to Solve the Problem
    • What the Mortgage Compliance Dataset Is 
    • What the Mortgage Compliance Dataset Is Not 
    • Why This Matters to Executive Leaders Right Now 

Watch these videos for a clear, approachable walkthrough designed for teams who will be implementing or working with the Mortgage Compliance Dataset (MCD). 

    Segment #1: The Mortgage Compliance Dataset Specification Walkthrough

    Lynn Calahan, Chief Data Officer at Alpha7X, walks through the structure and purpose of the MCD specification, explains how the tabs, data points, and metadata work together, reviews transitioning from the legacy Loan Examination File (LEF), and reviews key concepts such as XML order, loan state, loan rule types, and container groups and more.

    Segment #2: Mortgage Compliance Dataset - Use Case Templates

    This resource helps teams understand how real‑world business scenarios translate into a fully structured MISMO‑compliant XML message.

    Segment #3: The MCD Sample XML Files & Wrapper

    This video helps you understand the toolkit so you can create, review, and validate your own MCD XML messages with confidence.