MISMO Publishes Mortgage Compliance Dataset with Support of CSBS, Regulators, and Technology Providers
December 11, 2025
Source
Mortgage Bankers AssociationContact
Brittney Prophete (202) 557-2799WASHINGTON, D.C. (December 11, 2025) – MISMO®, the real estate finance industry's standards organization, today announced the publication of the MISMO
Mortgage Compliance Dataset
(MCD) Version 2.0, marking its final approval after extensive review by
a broad range of organizations and industry participants. This standard
is now ready for implementers across the industry to begin building.
“MCD
Version 2.0 gives regulators and lenders a modern, technology-aligned
framework that improves data quality, supports risk-based supervision,
and dramatically increases the efficiency of the exam process,” said
MISMO President Brian Vieaux. “It’s a powerful example of what our
industry can achieve when regulators, lenders, and technology providers
work together toward a common goal.”
The
dataset, developed by the MISMO MCD Workgroup, in partnership with the
Conference of State Bank Supervisors (CSBS), represents a major step
forward in modernizing and automating mortgage compliance examinations.
By enabling regulators to leverage technology, and helping lenders
identify and remediate issues before examinations, the MCD significantly
reduces friction in the exam process and streamlines oversight across
the system.
The MCD, which replaces the Loan Examination File (LEF), is now available on www.MISMO.org.
Loan Origination System and Compliance Systems are encouraged to begin
building the file, testing, and communicating with each other and their
lender clients.
Maintained
by the MISMO MCD Workgroup, sponsored by Asurity, the standard will
continue to evolve in collaboration with industry stakeholders to remain
timely, relevant, and impactful. Regulators, lenders, compliance
vendors, LOS providers and other technology providers have all
contributed their time and expertise to this effort.
To
continue driving adoption, MISMO and CSBS will host a Mortgage
Compliance Dataset three-hour workshop during the MISMO Winter Summit in
Amelia Island, Florida. The workshop will be offered both in-person and
virtually. Learn more about the Winter Summit and view the agenda here:
MISMO Summit | MISMO.
