MISMO Issues Mortgage Insurance Estimated Rate Quote API Standard

MISMO®, the real estate finance industry's standards organization, today announced the launch of a new mortgage insurance (MI) estimated rate quote API standard. The API, in the JavaScript Object Notation (JSON) format, and accompanying implementation guide, enable trading partners to facilitate rapid deployment of new rate quote processes across the real estate finance industry. 

Designed to provide lenders with the MI rate quote before submitting an MI order, the MI Estimated Rate Quote API specification was created for organizations that would like to utilize a more lightweight API transaction than the existing XML estimated rate quote. The new standard has achieved "Candidate Recommendation" status, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry... Read More Here!