MISMO Recommends DMN Standard
MISMO, the mortgage industry's standards organization, recommended the use of the Decision Model and Notation (DMN) standard for documentation, implementation, execution and exchange of business rules and decisions across the mortgage industry.
The DMN standard was developed by the Object Management Group® (OMG®), an international, open membership, not-for-profit technology standards consortium. DMN, when used in combination with existing MISMO standards, will enable mortgage industry participants to automate the exchange of business rules and decisions between partners; thereby reducing time and cost in the mortgage process. Read More Here.