Executive Summary of MISMO Accomplishments

LendingPad: a MISMO iLAD success story (click here for PDF)

MISMO's Third Quarter 2021 Newsletter

MISMO's Second Quarter 2021 Newsletter

MISMO's First Quarter 2021 Newsletter

MISMO's December 2020 Newsletter

Check out MISMO related videos and clips below:

• Mortgage industry experts discuss the benefits of adopting MISMO standards

• An eMortgage History

• Experts discuss why you should Get Involved with MISMO

• Industry Experts share their successes with MISMO Standards

Here are highlights of MISMO initiatives which improve efficiency and communications between business partners and save time and money.

MISMO Accomplishments:

• Updated the Logical Data Model to include JSON support for mobile; 

• Released MISMO Verion 3.4 which includes enhancements to GSEs Uniform Loan Application Dataset (ULAD) and CFPB's Home Mortgage Disclosure Act; 

• Created Industry Loan Application Dataset (iLAD) which provides a standard way for the mortgage industry to exchange loan application information; 

• Created Taxpayer Consent Language which is used by a range of organizations including lenders, government-sponsored entities, IRS form 4506-T fulfillment vendors, mortgage insurers, and due diligence firms; 

• Launched Standardized Closing Instructions templates to enable lenders to communicate more effectively with settlement agents; 

• Focused on facilitating seamless Servicing Transfers allowing for a more consistent experience for servicers and consumers; 

• Created Remote Online Notarization (RON) standards which have enabled remote closings during the pandemic; 

• Implemented RON Certification to assist lenders in identifying product vendors that meet MISMO standards;

• Created Digital Mortgage Resource Center;

• Announced an Innovation Investment Fee to speed deployment of an industry digital solution.