MISMO Statement in Support of the Financial Stability Oversight Council’s Recommendation on Adoption and Use of Industry Data Standards

Mortgage Bankers Association

Seth Appleton, President of MISMO®, today issued the following statement in support of the Financial Stability Oversight Council's (FSOC) annual report recommendation that the industry adopt and use industry data standards:

"MISMO commends and supports the recommendation in the FSOC's annual report that member agencies support adoption and use of standards in mortgage data, including consistent terms, definitions, and data quality controls.  "As the industry's standards organization, MISMO is working to speed the development and deployment of industrywide standards that reduce friction and improve the integration and flow of data across the industry... Read More Here!