Loan Boarding Data Segment
MISMO published the Loan Boarding Data Segment of the Industry Transfer of Servicing Dataset (ITSD) as Candidate Recommendation status on October 2, 2025.
The LBDS of the ITSD is a comprehensive set of MISMO data points and enumerations that establishes a consistent standard for boarding newly originated residential mortgage loans. Setting this baseline at loan boarding helps prevent future issues during servicing transfers, which often result from missing or incomplete origination data. The LBDS also complements the MISMO Servicing Transfer Catalog, which provides best practices, templates, and resources for transferring residential loan portfolios between servicers.
The purpose of the dataset is to improve transparency and efficiency in data exchanges for borrowers, lenders, and servicers. This consistency reduces loan activation time, enhances the borrower experience, and minimizes problems in future servicing transfers.
Servicers may compare the LBDS against their existing data exchange specifications to identify gaps in the data they currently collect. Any identified gaps in the LBDS should be shared with MISMO so the dataset can continue to evolve and improve.
What It Includes
The Loan Boarding Data Segment (LBDS) of the ITSD is a comprehensive list of MISMO data points and enumerations to assist the industry in establishing a baseline standard for the boarding of newly originated residential mortgage loans, based on the MISMO Version 3.6 Reference Model.
Access Information for Members
MISMO Members can access the work product in the Resource Library housed on MISMO's Collaboration Site, "MISMO Connect" here.
Access Information for Non-Members
Non-MISMO members can access the work product here.