MISMO Publishes Standard Enabling Secure and Verifiable Exchange of Security Instrument Information

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’s new standard applies SMART Doc V3 Verifiable Profile functionality to the security instrument, further enabling the seamless exchange of security instrument data and related documents between trading partners,” said MISMO Acting President Rick Hill.   

On average, 25 organizations touch loan package data over the life of a loan. Organizations who exchange the data must verify the information each time it is received. The  SMART Doc® V3 Verifiable Profile makes the data trustworthy by allowing it to travel with the PDF and then be automatically verified with the document image. This modernized format provides assurance that loan documents and associated data are consistent, reliable, and unaltered.