MISMO Featured in October Research Special Report
The Title Report, a publication of October Research Inc., Richfield, Ohio, features MISMO in a Special Report on technology.
The annual report (http://www.thetitlereport.com/TTR/Title-Technology-Report-2015.aspx) includes an interview with Rick Hill, MBA vice president of industry technology; Jan Davis, MBA director of industry standards; and Steve Acker, owner of Closergeist LLC and a member of the MISMO Title Insurance Workgroup.
The article, MISMO Creating Common Language for Mortgage Industry, discusses MISMO's efforts to develop language enabling title industry and mortgage technology platforms to communicate with each other. MISMO is built on the XML standard, a common language enabling lenders and other industry players to communicate.
"It was developed by hundreds of industry professionals over the course of years," Davis said. "As a result of their hard work, industry participants can collaborate, execute transactions and solve business problems using a single set of terms and formats."
Acker said XML can ease the process of integrating systems with partners, improve the quality of data as it moves through the mortgage life cycle and improve consumer experiences...Read More Here.