2021 MISMO Membership Letter


Together We are Driving Innovation within the Mortgage Industry.  Now it's Time to Renew.

To the talented MISMO community, Our collaboration has yielded extraordinary results this year. Together we are improving business practices between mortgage stakeholders and laying the groundwork for an exciting future of positive change and innovation.

Now is the time to renew your membership in MISMO to keep momentum going in 2021. As an incentive to renew early and a thank you for your company's generous investment in MISMO in 2020, we are offering a 10% discount on your 2021 MISMO corporate membership as long as we receive payment before December 19, 2020

Here are a few highlights of 2020 initiatives and a look at some of the ways MISMO is bringing innovation to digital mortgages. This year, we:  

  • Expanded efforts to support digitalization of the residential mortgage process including:
    • Supported rapid adoption of MISMO Remote Online Notarization (RON) standards which have enabled remote closings during the pandemic.
    • Implemented RON Certification to assist lenders and others when choosing RON products;
  • Facilitated industry wide adoption of MISMO's model Taxpayer Consent Language, which is used by a range of organizations to comply with the Taxpayer First Act;
  • Released the Industry Loan Application Dataset (iLAD) which provides a standard way to exchange loan application information. iLAD replaces the commonly used Fannie Mae 3.2 file format which will not be updated for the new URLA;
  • Published Standardized Closing Instructions templates to enable lenders to communicate more effectively with settlement agents and reduce the risk of issues at the closing table;
  • Launched a new Logical Data Model designed to support any technology a company may chose to utilize.

The MISMO Board of Directors challenged us to do more, better, faster.  By increasing the professional staff and assigning facilitators to key initiatives, we have increased the speed at which MISMO delivers value to the industry.  Through the expansion of the board of directors and the pending hire of a new fulltime president of MISMO, we expect to continue identifying and addressing the issues of most importance to the industry. 

As mentioned above, be sure to renew early to take advantage of the 10% early pay discount on your 2021 MISMO corporate membership as long as we receive payment before December 19th, 2020

We hope you'll consider taking your involvement in MISMO to the next level by joining or extending your membership in the updated MISMO Champions Program, which further enables MISMO to provide the resources you need to be successful.  In fact, you should know that we've expanded the Champions Program benefits that you know and love.  For more information, please visit, or contact Jan Davis at jdavis@mba.org or (202) 557-2715.  

2021 membership and Champions program renewal payment and remittance details will be sent to you in the coming days.  

More than ever, MISMO is vastly improving the way mortgage industry participants communicate and solve their most critical business challenges. And none of this would be possible without the commitment and support of members like you. This year's success is proof that a better resourced standards organization can more quickly provide industry solutions to business problems through MISMO's collaborative process.

We look forward to your continued support and investment in MISMO. Here's wishing you all the best for a successful 2021!

Sincerely, Mike Fratantoni
President
MISMO