MISMO Publishes New Tool to Simplify Standards Adoption
May 21, 2025
Source
Mortgage Bankers AssociationContact
Brittney Prophete (202) 557-2799WASHINGTON, 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.
“As
new data standards are developed, users must expend considerable time
and effort to identify changes and business impacts,” said Acting MISMO
President Richard Hill. “Assignment of a Unique ID to each container and
data element will enable users to conduct seamlessly an impact analysis
of moving to a new version or more easily support multiple versions of
the Reference Model.”
Guidelines
for the creation and maintenance of Unique IDs are captured in MISMO
Engineering Guide 0047 (MEG 0047) and the corresponding MISMO Unique
Identifiers Implementation Guide to support industry usage.
Unique IDs will facilitate:
- Reduced time and cost required to determine if internal system changes are required
- Reduced concern that a new Reference Model version will break an organization’s processes
- Enhanced adoption of newer Reference Model versions