MISMO Life of Loan enables access to MISMO products within the context of a typical mortgage life cycle. It uses Business Process Model and Notation (BPMN), which is a standard way of documenting business processes. MISMO Life of Loan version 2022.09 was released for a 30-day public comment period beginning on March 27th, 2023.

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.

This proposed MISMO Product (as defined in MISMO's 2018 Intellectual Property Rights Policy) was published for the purpose of providing an opportunity for comment on the product as well as to afford Participants (as defined in MISMO's 2018 Intellectual Property Rights Policy) who worked on this MISMO Product at least thirty (30) days' notice prior to final release of the product in order to review the product and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy).  Disclosures should be submitted using MISMO's IPR Disclosure Form. Comments should be submitted to [email protected]. 

Any other use of this MISMO Product, including implementation, is prohibited at this time. At the conclusion of the IPR and Patent Review period, this MISMO Product will be published pursuant to MISMO's 2018 Intellectual Property Rights Policy and all applicable Product Licenses will apply.

Access Information for Members

MISMO Members can access the MISMO Life of Loan Business Process Model and the supporting documentation 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