MISMO Seeks Participants for Next Generation 4.0 Reference Model Workgroup

Mortgage Bankers Association

MISMO®, the real estate finance industry's standards organization, seeks participants for a new development workgroup (DWG) for the Next Generation 4.0 Reference Model (RM).

The Next Gen 4.0 RM DWG is pursuing a new methodology to manage the underlying master data in the Reference Model to improve the successful adoption of MISMO work products. This RM will enable industry stakeholders to implement MISMO-based solutions in a more timely and cost-effective manner.  

The "Next Gen" approach to the MISMO Reference Model will address current challenges and support the continuing needs of the industry for JSON, XML and new technologies. The new component-focused approach will ensure that common changes no longer "break" existing implementations, facilitate traceability and impact analysis by providing unique identifiers, version tags, and improved deprecation, and allow for creation of streamlined domain specific versions of the model. This approach also enables MISMO members and volunteers to focus on creating value quickly for the mortgage industry... Read More Here!