MISMO Issues Call for Participants for New Workgroup Focused on Automating Homeowner Insurance Requests

Mortgage Bankers Association

MISMO®, the real estate finance industry's standards organization, today announced it is seeking participants for a new initiative focused on automating homeowner insurance (HOI) requests.

Today, HOI validation and the exchange of related information is often a very manual process. Standardizing HOI data exchange requests and responses will decrease transaction processing time, increase data accuracy, encourage uniformity across the industry and increase the security around non-public information.  
A new development workgroup (DWG) is being formed to lead the initiative and standardize the data transmission procedure used when processing HOI requests. The DWG's deliverables will include:  

  • Documenting the data requirements associated with HOI request and response;  
  • Soliciting participation, input, and feedback from industry participants; and  
  • Creating a standard request and response in XML and JSON.  

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