MISMO Seeks Public Comment on New Logical Data Model
MISMO, the mortgage industry's standards organization, announced the release of a new MISMO logical data model (LDM) for a 90-day public comment period. The comment period remains open from today until August 12. Any comments received will be reviewed and addressed, after which the standards are expected to be elevated to 'Candidate Recommendation' status.
The new LDM is completely different from models previously issued by MISMO, and is intended to support any technology that a company might choose to utilize. The new LDM will support XML, as MISMO has always done, and will also support JSON, which is the technology of choice for mobile transactions. LDM will make it easier for organizations to communicate regardless of the technologies they choose to use. Read More Here.