Business Glossary-Term List

2004 End-User License � Applies to all MISMO Products (standards and collateral) issued prior to January 1, 2018. This license is automatically granted when an organization downloads any MISMO Product (MISMO standards or collateral) with an issue date through December 31, 2017.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

2018 Distributor License � Applies to all MISMO Products issued on or after January 1, 2018. The Distributor License is appropriate for organizations that develop technology that incorporates MISMO Products and makes that technology available to customers or external partners

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

2018 End-User License � Applies to all MISMO Products issued on or after January 1, 2018. The 2018 End-User License is appropriate for organizations that download MISMO Products or develop technology that incorporates MISMO Products released after December 31, 2017, where the MISMO Products are used for internal company use when the organization does not make the MISMO products available to customers or external partners.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

Sets forth MISMO�s policy on complying with Antitrust laws and avoiding the appearance or execution of collective action by Members or Non-Members. The MISMO Antitrust Policy may be found on the footer of mismo.org.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

A set of high level, generic business process flows depicting common activities that may occur over the 'Life of a Loan'. Links are provided within the process flows and related process narratives to MISMO Products. Enables business professionals to access MISMO Products within the context of the business process or processes they support.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

Development Process Document Only: A brief statement describing a WG�s purpose and scope Policies and Procedures Only: See Work Group Charter

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

The Development Process Document is a procedures guide that outlines the process for developing, reviewing and approving MISMO Products created within the MISMO framework. It also outlines the roles, responsibilities, and interdependencies of the various participants (contributors, committees, staff, etc.) within the MISMO organization tasked with the maintenance and on-going development of the MISMO Products.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOApprovedAcronym

Implementation guidance for use of MISMO Standards to solve industry business and/or technical issues. Guidance may include narrative descriptions, sample use cases, sample code, mappings, and much, much more. Implementation Guides are used to accelerate adoption of the standards.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

A document designed to assist individuals who are implementing the MISMO standards by providing helpful information and/or sample files. It typically includes guidance on the usage of the standard.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

Sets forth MISMO�s policy regarding the disclosure and licensing of intellectual property rights in regard to the development and implementation of the MISMO Standards. The MISMO IPR Policies may be accessed via the footer of mismo.org.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

Intellectual Property Rights. Sets forth MISMOs policy regarding the disclosure and licensing of intellectual property rights in regard to the development and implementation of the MISMO Standards. The MISMO IPR Policies may be accessed via the footer of mismo.org.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOApprovedAcronym

Logical Data Dictionary documenting standard business names, definitions, enumerations, formats and more; and included within the XML Schema are the SMART Doc� standards which provide formats for electronic formatting of documents

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

To document the XML Reference Model, MISMO creates a Logical Data Dictionary (LDD) that defines each XML data element used for electronic transactions. The result is a single, common data set for the mortgage industry. The borrower, employment, property and other commonly used information have a common data definition, no matter which mortgage industry segment is using the data. A catalog of key components of the MISMO Reference Model, including terms, containers, data attributes, and ARCROLES.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

A logical, technology agnostic business focused representation of the MISMO Standards - essentially provides a business oriented point of entry to the LDM.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

A logical, technology agnostic representation of the MISMO standards - essentially a technology agnostic, logical, blueprint for the standards.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

A logical representation of the MISMO Standards created for a specific technology such as XML or JSON. The platform specific LDM can be used to forward engineer platform specific physical models such as the MISMO XML Reference Model or similar physical models for new technologies.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

A MISMO Engineering Guideline (MEG) is published to assist the work groups in creating their specifications and to assist developers of MISMO Products to achieve consistent and technically appropriate products that meet the needs of the user community. The MEGs shall be adhered to during the development process without any deviation. MISMO has developed a series of MEGs to guide the process and production of Version 3.x Reference Model. In the event of a conflict between the MEGs and the DPD, the DPD takes precedence.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOApprovedAcronym

MISMO Engineering Guidelines describe best practices that assure consistent and technically appropriate XML or other implementation specific structure. They also may assist developers of Extensible Markup Language.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

All documents, publications, and other artifacts created by MISMO including, without limitation, the MISMO Standards and MISMO Collateral. These two are referred to collectively as MISMO Products.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOGOV

Policies and Procedures. This document has been adopted by the MISMO Board of Directors (�Board�) to govern the activities of the organization. The Policies and Procedures (P&Ps) defined in this document address all activities of the organization. The detailed procedures for the development of the MISMO Products are defined in separate documents.

Term Source: MISMO Governing Documents

Term Type: Document

Focus Area: #MISMOApprovedAcronym