MISMO Life of Loan

MISMO Life of Loan is an interactive business process model that allows users to view MISMO – and MISMO-based, tools and resources – within the context of a typical mortgage’s life cycle. Industry practitioners can use the tool to access information about MISMO products within the context of the related business process. MISMO Life of Loan uses Business Process Model and Notation (BPMN™), a widely used standard for documenting business processes created by the Object Management Group.

The latest version of the Life of Loan was published as a Candidate Recommendation in June of 2025.

All processes in MISMO Life of Loan have a short definition in MISMO's Business Glossary. 

MISMO members can access the interactive MISMO Life of Loan here. Additional artifacts include:

• Quick Reference Guide for navigating the interactive MISMO Life of Loan
• MISMO Life of Loan Overview (PDF)
• Narratives provide a brief description of what happens during each identified process and point to related MISMO products, works in progress, and workgroup(s) that are responsible for the MISMO product. They can be accessed within the process in the interactive model, or as a PDF containing all narratives.
• MISMO Life of Loan Workgroup Cross Reference assists the reader in finding MISMO Life of Loan content for the MISMO workgroup(s) in which they participate.
• MISMO Life of Loan process model (PDF)

MISMO Life of Loan is owned by the Business Process Model (BPM) Community of Practice.

What It Includes

An extensive list of updates to the model can be found in the version release notes.

Access Information for Members

MISMO Members can access the interactive MISMO Life of Loan here, and MISMO Life of Loan artifacts within the Resource Library housed on MISMO's Collaboration Site, "MISMO Connect" here.  

Access Information for Non-Members

Non-MISMO members can access the MISMO Life of Loan Business Process Model and the Overview documents here.

Disclaimer

MISMO Disclaimer