MISMO Seeks Comment on Enhanced Life of Loan Process Model that Helps Lenders and Tech Firms Navigate the Mortgage Process

WASHINGTON, D.C. (October 29, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the latest version of the MISMO Life of Loan Process Model.  The 30-day public comment period will run through November 28, 2025. 

“The MISMO Life of Loan is a roadmap for the entire mortgage journey — from application to payoff, and even servicing transfer,” said Brian Vieaux, MISMO President. “It shows where MISMO standards come into play and how data moves across each stage. As an interactive tool, it gives MISMO Members an easy way to explore our standards and see how they fit within a typical mortgage lifecycle.”

MISMO Life of Loan uses Business Process Model and Notation (BPMN) — a widely used standard for documenting business processes created by the Object Management Group (OMG). This visual language makes it easy for anyone, regardless of MISMO or mortgage experience, to understand the Life of Loan. It is especially valuable for technology companies entering the mortgage space.

Key Highlights of the MISMO Life of Loan Version 2025.01 include:

• Process Updates
  • Submit Documentation for VA Full File Review
  • Add SMART Doc® Icon to Home Equity Line of Credit entries
• New Narratives
  • Board Loan
  • Create and Record Security Instrument
  • File Claim with Mortgage Insurer
  • Generate Power of Attorney
  • Submit Documentation for VA Full File Review

A complete list of changes can be found in the 2025.01 Release Notes.

The public comment period allows those who participated in the proposal at least 30-days’ notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO’s 2018 Intellectual Property Rights Policy).

MISMO requests that any organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products to disclose them at this time in writing. All comments and disclosures are due by November 28, 2025, and should be directed to [email protected].