Standard & Premiere Certification
In an industry where regulations are increasing the requirements for lender oversight of their vendors, MISMO certification can provide a level of assurance that your products comply with industry standards. The MISMO Software Compliance Certification Program enables technology providers to assess their MISMO based products for compliance with MISMO standards or certification requirements, as applicable. If compliant, providers can showcase their competitive advantage by displaying a "MISMO Compliant" certification mark.
MISMO Software Certification is designed to provide a level of assurance that products comply with industry standards. Learn more about what it means for product to be Certified MISMO Compliant here.
Reasons to Pursue MISMO Software Compliance Certification
- Does your company sell a product to the mortgage industry?
- Do you want to differentiate yourself from the competition?
- MISMO Software Certification Helps Lenders Verify Compliance
Certification Business Domains
Products may be certified specific to their use of industry standards within several different business domains. The list of available business domains is published in section 3.2 of the program overview. Additional details and program specifics are available for eMortgage Technology certifications (Remote Online Notarization (RON) and eClosing Systems) and for TILA RESPA Integrated Disclosures (TRID) certification.
The Certification Program evaluates how the MISMO standard has been applied for a specified product within a specified business domain. Certification includes a review of a company's MISMO-related practices. Certification also includes an evaluation of how the software or tool uses MISMO standards as well as proof of the capability of the software or tool to create MISMO oriented data transmissions, interfaces or reports.
Two levels of certification are available:
Provides a foundational certification of company and product use of MISMO standards and best practices within a specified business domain through self assessment and verified through integration partner references. A list of products that are Certified MISMO Compliant Standard® are provided on the Registry of MISMO Certified Standard Level Products.
Requires an independent third party validation of a company and product use of MISMO standards and best practices within a specified business domain. A list of products that are Certified MISMO Compliant Premiere® are provided on the Registry of MISMO Certified Premiere Level Products.
Companies wishing to participate in the Premiere Level Program as Authorized Assessors (independent third party reviewers) are subject to a rigorous application and authorization process. The list of companies approved by MISMO to serve as a MISMO Certified Authorized Assessor® are provided on the Authorized Assessor Register.
The Compliance Program is open to any company that has developed MISMO based software, products or tools using MISMO standards and best practices. Program participants who successfully complete the certification program will be able to use the MISMO Compliant Certification Mark under the contractual terms of the program. Only products that have successfully completed the program may claim that they are certified MISMO compliant.
If your company is interested in learning more about the MISMO Software Compliance Certification Program, please contact MISMO at [email protected].
To see the full certification program disclaimer follow this link: MISMO Software Compliance Certification Disclaimer.