MISMO Q2 Newsletter
Second Quarter 2021 ISSUE
Like the Brood x cicadas about to descend on DC and more than 10 surrounding states, MISMO initiatives are gaining momentum and "creating a buzz" across the real-estate finance ecosystem.
Innovation Investment Fee Update
We are pleased to report that more than 1450 lenders are supporting industry standards development efforts by paying the Innovation Investment Fee. Proceeds from the fee enable us to accelerate the industry's digital future and fund initiatives that provide value by solving key business challenges. Thanks to all who are supporting our industry by investing in next-generation solutions. More info can be found here.
Spring Summit is "Going Digital" June 7-10 and Offering Free Registration to Fee-Payers
Register today for the online MISMO Spring Summit, which features four days of compelling speakers, sessions, workgroup meetings, and a talent show! To show our appreciation to the lenders who have paid the Innovation Investment Fee, we are offering the first 25 registrants from each of those companies FREE registration to the summit with reg code "Innovation." We encourage you to check out the agenda and register today!
MISMO Seeks Public Comment on New eModification Reference Guide.
Click here to learn about this important resource for mortgage servicers to help identify whether an investor currently accepts electronically signed loan modification agreements.
CRE Property Financials Development Workgroup Opportunity
MISMO seeks participants for its new Financial Operating Statements workgroup. This group is focused on documenting the data requirements associated with CRE property-level financial information. Learn more here.
Upcoming Webinars: Sign up for the May 18 XML Schema Session and July 12-13 Boot Camp
The How to Read the MISMO XML Schema webinar, which is free to MISMO members, will focus on the concept of class words and provide an interactive tour of the schema to help participants easily understand and use this resource. Sign up link is here.
MISMO members receive discounted registration for this updated MISMO Boot Camp on July 12-13, This important class focuses on how MISMO operates and develops standards and how to effectively leverage MISMO's core components. Register here.
MISMO Convenes Government Forum
MISMO convened the MISMO Government Forum in April 2021 and introduced John Bell, III, Deputy Director, VA Home Loan Program, VA as Chair. Omar Bouaichi, Data Technology Director in Ginnie Mae's Office of Enterprise Data and Technology Solutions continues as Vice Chair. The Forum agenda focused on organizational and governance changes at MISMO; an overview of the new MISMO API Toolkit; and the Ginnie Mae modernization program. The MISMO Government Forum is a collaborative forum open to housing-related agency personnel to collaborate and exchange information regarding industry standards-related topics. The forum meets quarterly and interested agency professionals should contact info@MISMO.org to get involved.
MISMO Resources Available Now
Check out these new MISMO resources: MISMO Commercial Appraisal Dataset, Life of Loan Business Model, and MISMO Engineering Guidelines 3 and MEG 6.
MISMO Board Promotion: "Three Questions with ..." Must-Read Interviews Series
Read about 2021 MISMO priorities from members of the MISMO Board. We are more than halfway through this weekly LinkedIn promotion. Our recent interviews are with Eric Ray, Senior Executive Vice President, Chief Digital Officer, Radian and Jim Follette, Senior Managing Director and Chief Mortgage Fulfillment Officer, PennyMac. Read the series here.
MISMO Rapid Response
MISMO is engaging with and responding to key news topics, including this recent statement in support of Truliant Federal Credit Union's eNote Transfer to Federal Home Loan Bank of Atlanta.
MISMO In the News - MISMO Wins HousingWire Tech100 Award
MISMO media coverage continues its momentum with articles in a variety of media outlets. In addition to MISMO being named a HousingWire Tech100 award winner, we've seen coverage of 10 companies who are RON-Certified, our call for Public Comment on the eModification Reference Guide and Seth Appleton's article on the "4 Key Business Challenges MISMO is Addressing."
MISMO Seeks Business Success Stories
We would love to hear your business success stories. How have MISMO standards helped your business succeed? Contact us at info@MISMO.org.
Thanks for all the great work to achieve these MISMO successes!!
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For more information, visit MISMO.org.