Servicing Transfer Catalog
MISMO is seeking public comment on the new MISMO Servicing Transfer Catalog. This package supports a timely and accurate transfer of residential loan information, facilitates uninterrupted loan servicing, and works to reduce negative effects to both the borrower and the new transferee servicer. The 60-day comment period will run through May 30, 2023.
The MISMO Servicing Transfer Catalog (MSTC), along with other core servicer transfer methods, should be updated and utilized by the resources conducting the transfer throughout the transaction. MSTC consists of:
- iGuide
- Servicing Transfer Instructions (STI)
- Accompanying documents
- STI – Portfolio Characteristics
- STI – Image Transfer Schedule
- STI – Required Reporting
- STI – Reconciliation and Balancing
- Accompanying documents
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 Servicing Transfer Catalog in the Resource Library housed on MISMO's Collaboration Site, "MISMO Connect" here.
Access Information for Non-Members
Non-MISMO members can access the Servicing Transfer catalog here.