MISMO Seeks Public Comment on New eModification Reference Guide
Mortgage Bankers Association
MISMO®, the real estate finance industry standards organization, seeks public comment on its new eModification Reference Guide. The 30-day comment period runs through May 24.
The eModification Reference Guide is a resource for mortgage servicers to help identify whether an investor currently accepts electronically signed loan modification agreements. It also includes guidance on the format of the eModifcation (e.g., SMART Doc®), the procedures involved depending on whether the promissory note is a paper note or an eNote and the systems to which the eModification may need to be reported (i.e., MERS® eRegistry).