News

MISMO Publishes Updated Mortgage Insurance Activation API

July 21, 2025

The Mortgage Insurance (MI) Activation API iGuide and related sample files provide lenders with a streamlined method of activating the MI Commitment by allowing lenders to send closing date information to MI companies without leaving their system of record, ensuring greater efficiency and accuracy. The iGuide and sample files are based on Version 3.5 of the MISMO Reference Model.

MISMO Seeks Comment on Updated MEGs (MISMO Engineering Guidelines)

July 21, 2025

“MISMO maintains a series of guidelines to govern the development of MISMO standards and collateral work products. MEGs ensure that MISMO work products adhere to all applicable technology standards, are produced in a consistent fashion, and meet the needs of the mortgage industry,” said MISMO Acting President, Rick Hill.

MISMO Publishes Updated eVault Standards and SMART Doc® Validation Rules

July 21, 2025

WASHINGTON, D.C. (July 17, 2025) – MISMO®, the real estate finance industry's standards organization, today published revisions to the eVault Standards and SMART Doc® Validation Rules. This standard increases interoperability and trust between partners trading eNotes.

MISMO Publishes Artificial Intelligence Glossary

July 15, 2025

WASHINGTON, D.C. (July 15, 2025) – MISMO®, the real estate finance industry's standards organization, today published its Artificial Intelligence (AI) Glossary.

MISMO Updates Fee Naming Guide

July 9, 2025

WASHINGTON, D.C. (July 8, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it has added more than 40 new standardized fee names and definitions to its Fee Naming Guide. The additions to the Guide are intended to further standardize the use of names and descriptions for fees used across the mortgage industry, enabling better communication across all parties.

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.