MISMO® Issues Next-Gen Logical Data Model

Mortgage Bankers Association

MISMO®, the mortgage industry's standards organization, today announced the availability of its new MISMO logical data model (LDM) as the next generation of the MISMO data exchange. The new LDM is different from previous models in that it is designed to support any technology a company may choose to utilize. This includes support for XML, as MISMO has always done, and also for JSON, which is the technology of choice for mobile transactions.

"The expanded capabilities of the LDM will make it easier for organizations to communicate with their business partners, which will lead to greater efficiencies within our industry," said Randy Poirier, Vice President of Data Solutions at Black Knight and Chair of MISMO's Residential Standards Governance Committee. "Given the expanded use of mobile devices, it was essential that MISMO expand the LDM capabilities in support of this growing mobile communication trend within the mortgage industry." Read More Here!