News

MISMO Publishes Updated Life of Loan Process Model

July 1, 2025

MISMO®, the real estate finance industry's standards organization, today announced the addition of decision models to the latest version of the MISMO Life of Loan Business Process Model. Industry practitioners can now access MISMO’s Ability to Repay and Application Threshold Decision Models, which are used to make decisions in compliance with RESPA and Regulation Z, via the Life of Loan Business Process Model.

MISMO Publishes Standard Enabling Secure and Verifiable Exchange of Security Instrument Information

June 26, 2025

WASHINGTON, D.C. (June 26, 2025) – MISMO®, the real estate finance industry's standards organization, today announced a new standard that works to restore trust in security instrument data and reduces the financial burden of onerous verification requirements.

MISMO Issues New Specification to Support Appraisal Ordering Ahead of Upcoming Appraisal Changes

June 23, 2025

WASHINGTON, D.C. (June 10, 2025) – MISMO®, the real estate finance industry's standards organization, today announced the publication of a new Appraisal Procurement Dataset Specification designed to facilitate and standardize the ordering of property services including appraisals.

MISMO Creates Standard for Electronic HELOCs

June 5, 2025

WASHINGTON, D.C. (June 5, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the SMART Doc® V3 eHELOC Specification. This standard was developed to meet requests for natively created electronic documents to support the growth of home equity lines of credit (HELOCs).

MISMO Publishes Updated Business Glossary

June 4, 2025

WASHINGTON, D.C. (June 4, 2025) – MISMO® published an updated version of the Business Glossary and associated User Guide. Updates to the Business Glossary were related to terms associated with electronic mortgages, title and settlement, and more.

MISMO Releases AVM Confidence Score Standard

May 29, 2025

WASHINGTON, D.C. (May 29, 2025) – MISMO®, the real estate finance industry's standards organization, today announced it is seeking public comment through June 28, 2025, on the Automated Valuation Model Common Confidence Score Standard and Guidance.

MISMO Publishes Enhanced Reference Models

May 27, 2025

WASHINGTON, D.C. (May 27, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that enhancements to the MISMO Version 3.6 Reference Model and the new MISMO Version 3.6.1 Reference Model has reached “Candidate Recommendation” status, which means that they have been thoroughly reviewed by a wide range of organizations and industry participants and are available for industry use.

MISMO Publishes New Tool to Simplify Standards Adoption

May 21, 2025

WASHINGTON, D.C. (May 20, 2025) – MISMO®, the real estate finance industry's standards organization, today announced the publication of Unique IDs that can be leveraged to streamline impact analysis and to accelerate implementation efforts.

MISMO Seeks Public Comment on Updated Mortgage Insurance Activation API

May 21, 2025

WASHINGTON, D.C. (May 6, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on revisions to the previously published Mortgage Insurance (MI) Activation API Implementation Guide (iGuide) and sample files. The 30-day public comment period runs through June 5, 2025.

MISMO Publishes Updated Commercial Appraisal Dataset

March 27, 2025

WASHINGTON, D.C. (March 19, 2025 ) – MISMO®, the real estate finance industry's standards organization, today announced publication of an enhancement to the existing Commercial Appraisal Dataset. The update introduces JavaScript Object Notation (JSON) as an additional communication format alongside the current XML format which remains unchanged.

MISMO Seeks Comment on SMART Doc® V3 Security Instrument Specification

March 27, 2025

WASHINGTON, D.C. (March 25, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the SMART Doc® V3 Security Instrument Specification. The 60-day public comment period will run through May 24, 2025.

MISMO Seeks Comment on New Loan Boarding Data Standard

March 20, 2025

WASHINGTON, D.C. (March 20, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the Loan Boarding Data Segment, which is the first published subset of the Industry Transfer of Servicing Dataset (ITSD). The 60-day public comment period runs through May 19, 2025.

MISMO Seeks Comment on Decision Models in the MISMO Life of Loan

March 19, 2025

MISMO®, the real estate finance industry's standards organization, today announced the addition of Decision Models to the latest version of the MISMO Life of Loan Process Model. The Decision Models are a part of the Life of Loan Process Model comment period that will run through April 12, 2025.

MISMO Issues Call for Participants to Support API Toolkit Revisions

March 18, 2025

MISMO issued a call for industry professionals to join the Application Programing Interface (API) Community of Practice (COP) in an effort to revise the API Toolkit, originally published in 2020.

MISMO Seeks Public Comment on Updated MISMO Life of Loan Process Model

March 13, 2025

WASHINGTON, D.C. (March 12, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the latest version of the MISMO Life of Loan Process Model. The 30-day comment period will run through April 12, 2025.

MISMO Seeks Comment on Updated Business Glossary

March 11, 2025

WASHINGTON, D.C. (March 10, 2025) – MISMO®, the real estate finance industry's standards organization, is seeking public comment on recent updates to the MISMO Business Glossary. The 30-day comment period runs through April 9, 2025.

MISMO Introduces SMART Doc® V3 Sample Package Resource to Facilitate Enhanced Data Exchange Methods

March 6, 2025

WASHINGTON, D.C. (March 6, 2025) – MISMO®, the real estate finance industry's standards organization, today announced the publication of the SMART Doc® V3 Sample Package. This resource is part of MISMO’s larger effort to modernize the industry’s data exchange methods by facilitating broad adoption of SMART Docs® beyond the eNote.

MISMO Seeks Public Comment on Enhanced Version of Industry Loan Application Dataset

March 4, 2025

WASHINGTON, D.C. (March 4, 2025) – MISMO®, the real estate finance industry's standards organization, is seeking public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information. The 30-day public comment period runs through April 3, 2025.

MISMO Seeks Public Comment on New Housing Counseling Dataset Specification

February 27, 2025

WASHINGTON, D.C. (February 27, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on a new Housing Counseling Dataset Specification (HCDS). The 60-day public comment period runs through April 19, 2025.

MISMO Seeks Comment on New Appraisal Procurement Dataset Specification

February 27, 2025

WASHINGTON, D.C. (February 25, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking comment on its new Appraisal Procurement Dataset Specification. The 30-day comment period for this implementation guide runs through March 27, 2025.