MISMO Honored with 2023 HousingWire Tech100 Award
March 1, 2023
WASHINGTON, D.C. (March 1, 2023) – MISMO®, the real estate finance industry's standards organization, today was awarded for the third-straight year a 2023 HousingWire Tech100 award. This award recognizes the most innovative technology organizations in the housing economy. HousingWire editors acknowledged MISMO’s work to create standards that address the industry’s toughest business issues.
“It is an honor to be recognized by HousingWire again for MISMO’s diligent work to lay the groundwork for the efficient exchange of information across the mortgage industry and other important initiatives that bolster our industry,” said Jan Davis, Acting President of MISMO. “MISMO will continue to advance its important mission to reduce costs, increase efficiency, enhance interoperability, and accelerate the digital transformation of the mortgage finance industry.”
MISMO rose to the occasion and met the needs of the real estate finance industry in 2022. Highlights included standardizing APIs for efficiently trading smaller packages of data, developing a new Verifiable Profile SMART Doc® specification that restores trust in data and introducing new commercial standards, and releasing an updated version of the MISMO Reference Model, which is the foundation for most standards today and will shape every new API, dataset, and SMART Doc® in the coming years.
Beyond the numerous standards and essential resources already published, MISMO is making significant progress on many additional high priority initiatives, including the standardization of servicing transfers; standardized datasets to ease friction in lender to title and closing partner communications; standards to improve efficiency and scalability in the Private Label RMBS and Agency MBS markets; a standard for exchanging housing counseling data among counselors, lenders, servicers, GSEs, and government agencies; and a standard for exchanging loan examination file data between state regulators and lenders regulated by them.
“As someone who had a front-row seat to watch the housing economy’s tech transformation, I am increasingly in awe of the innovation we have seen from the Tech100 winners year after year,” said HW Media Editor in Chief Sarah Wheeler. “With new technologies emerging every day, I am proud to be part of this exciting journey that has positioned the industry to be more efficient, more transparent and more accessible than ever before.”
Visit HousingWire.com for more information about the Tech100 Award.