MISMO Publishes Updated Business Glossary

WASHINGTON, D.C. (June 4, 2025) – MISMO®, the real estate finance industry's standards organization, 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, transfers of servicing, housing counseling, and other business areas. This update also includes the addition of new terms from the MISMO Life of Loan business process model.

The MISMO Business Glossary is a business-friendly collection of terms and definitions representing content from MISMO and non-MISMO sources. The glossary includes information about common business processes, business events, business terms, calculations, documents, and forms.  The glossary is widely used across the mortgage industry.