Adverse Action Notice Dataset

This sample Adverse Action Notice, titled Statement of Credit Denial, Termination, or Change Form and accompanying XML file, delivers crucial document data mapping capabilities that lenders can use when reporting adverse credit decisions.

The dataset achieved "Candidate Recommendation" status in July 2022, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry

MISMO’s Adverse Action dataset is comprehensive, featuring the data points included in existing variations of credit denial documents and representing a “typical” notice in terms of the form template text, sample loan file data and document field data mapping to MISMO v3.5 (including v3.6 extension). The accompanying sample XML file demonstrates the format required for dataset use. Together, this information package provides lenders and vendors a MISMO-standard method for completing credit denial forms in order to minimize errors and increase efficiency. 

This new dataset addresses the fact that there are a variety of credit denial documents in use across the mortgage industry. This MISMO solution standardizes the content and formatting of such documents to enable more consistent and efficient communication between lenders and consumers during the credit vetting process.  

Access Information for Members

MISMO Members can access the Dataset in the Resource Library housed on MISMO's Collaboration Site, "MISMO Connect" here.

Access Information for Non-Members

Non-MISMO members can access the Dataset here.


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