MISMO Seeks Participants for Two New Workgroups Focused on RON Standards and an OpenAPI Specification for Determining Program Loan Limits Applicability
Mortgage Bankers Association
MISMO®, the industry's standards organization, today announced it is seeking participants for two new workgroups. The first is focused on assessing the existing MISMO remote online notarization (RON) standards. The second aims to create a MISMO standards-based application programming interface (API) specification that returns loan limits based on property address.
RON has seen its popularity and usage grow across the industry, with a recent survey from the American Land Title Association finding that use of RON has increased 547% in 2020 versus 2019. The new RON workgroup will assess and gather feedback on MISMO RON Standard V1 and investigate the need to update it as MISMO RON Standard V2... Read More Here!