MISMO Seeks Public Comment on New Mortgage Insurance Estimated Rate Quote Guide

Mortgage Bankers Association

WASHINGTON, D.C. (October 25, 2021) -  MISMO®, the real estate finance industry's standards organization, announced today that it is seeking public comment on its new implementation guide specification that helps facilitate obtaining estimated mortgage insurance (MI) rate quotes in the JavaScript Object Notation (JSON) API format.

  The MISMO MI Rate Quote API specification will help trading partners facilitate rapid development of new rate quote processes across the real estate finance industry. This specification builds upon MISMO's JSON initiative to develop standards for industry transactions for structuring lightweight data exchanges through APIs and mobile platforms. With this expanded effort, the MISMO MI Community of Practice is working to create consistency within the growing number of transactions taking place in JSON format... Read More Here!