Loan Application Data Exchange Development Workgroup 

MISMO is developing a loan level industry data exchange specification that will correspond with the new Uniform Residential Loan Application (URLA). The new Loan Application Data Exchange (commonly referred to as iLAD) is geared for general industry use for business-to-business exchanges that need to reflect the data included in the URLA. The development of an industry data exchange is intended to improve accuracy and consistency for industry participants exchanging application information with their business partners.

"To avoid inefficiencies that result in lost time and money, the industry needs a standardized data exchange that reflects the information contained in the URLA," said Rick Hill, Executive Vice President of MISMO and Vice President, Industry Technology at the Mortgage Bankers Association (MBA). "By acting now and leveraging the power of MISMO's resources and its collaborative environment, we have the power to create the new dataset by next year - the time lenders implement the new loan application form."

MISMO's Loan Application Data Exchange Develoment Workgroup will review current loan application data formats to identify a new dataset for use on all loan applications and supporting documents based on its 3.4 standards. In addition to creating a dataset for exchanging loan application information, the Workgroup will create a sample file and mapping document, an implementation guide and a library of use cases to help lenders adopt the new information exchange when they are ready.

Workgroup participants do not have to be members of MISMO to join and participate, but only MISMO members will be able to vote.   

If you are interested in participating with this group and are already a MISMO member join the collaboration site that has been established for this group. If you are not a member of MISMO, let us know that you would like to participate by sending a message to  


Lynn Calahan, Wells Fargo Home Mortgage, Co-Chair

Sandra Griebe, Fannie Mae, Co-Chair

Workgroup Meeting Schedule