Business Glossary-Term List

Appointed by the Member, the employee who may act for the Voting Representative if that individual is unable to do so.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

If appointed by the Member, the employee or office to which MISMO will send invoices.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Community of Practice. A COP represents the business or technology interests of an industry segment and is made up of subject matter experts for that particular segment of the industry.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Member of the MISMO Board of Directors

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

An individual or organization who makes, has made, uses, distributes, sells, offers for sale, imports, modifies, reproduces, publishes, publicly performs, displays, or makes derivative works using, or that are compliant with, a MISMO Product where the individual or organization distributes or in any way provides the MISMO Product (including derivative and compliant works) to any person or entity outside of its own organization, whether or not a fee is received therefore.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

An individual or organization who makes, has made, uses, distributes, imports, modifies, reproduces, publishes, displays, or makes derivative works using, or that are compliant with, a MISMO Product where the individual or organization uses the MISMO Product (including derivative and compliant works) either (a) for its own internal business purposes, or (b) within the confines of its organization without distribution to any third party.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

The committee member representative recommended by the committee and approved by the Board to serve on the Board of Directors. Ex Officio Directors receive all Board communications and attend and participate in all Board meetings. However, they may not vote and do not count toward a meeting quorum.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Two committees (one Residential Standards Governance and the other Commercial Standards Governance) nominated and elected from a cross- section of industry, that (along with the MISMO Manager) administers MISMO's day-to-day standard-setting activities and maintains the architectural consistency of MISMO Standards.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Any organization that has submitted the MISMO subscription application and the appropriate subscription fees and has been accepted as a member to MISMO.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Any employee of a Member organization. May also be a consultant to a Member if designated by the Member in writing to MISMO.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Any employee of a Member organization. May also be a consultant to a Member if designated by the Member in writing to MISMO. See also Voting Representative.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

A dedicated MISMO resource assigned to help accelerate the velocity of the development process for work products that MISMO undertakes.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

The entity engaged to oversee the day-to-day operational management of the MISMO organization.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Any organization that has submitted the MISMO membership application and the appropriate membership fees and has been accepted as a Member to MISMO.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Refers to a MISMO Officer as identified in the MISMO Bylaws and P&Ps Sec. 1.2.2.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

A dedicated MISMO staff resource to ensure all work products are developed in a timely and consistent manner. The Program Manager will track status and progress of all work products.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Any individual who provides advice and counsel to the Prioritization Committee and Board of Directors related to new product ideas and prioritization in the entire mortgage industry ecosystem.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

A Work Group who collaborates with MISMO Community, the Mortgage Industry, Emerging Tech Community of Practice and MISMO Product Manager in surfacing, vetting and prioritizing new product ideas.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Any individual who engages in one or more MISMO Development Work Group (DWG) or other activities that is not a MISMO Member or an employee of an organization that has a MISMO membership in good standing. Such activities include, but are not limited to making a Contribution, attending meetings, or participating by telephone, Internet, or e-mail. All Non- Members are "Participants" under the terms of the IPR Policy.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

Organizations are defined as "Related Entities" if: 1. One directly or indirectly controls or is controlled by the other, or 2. One is under direct or indirect common control with the other.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV