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Other Residential

MISMO offers residential resources other than datasets and models. These resources may come in many forms such as templates; use cases; and more. Additional related tools and resources may also be made available to support implementation and ease of use. For more information and to access other residential resources select the resource name from the list below.

Application Threshold Decision Model and White paper
This work product is a white paper and shareable decision model designed to determine when the application threshold is crossed, in accordance with the Application Threshold rule as expressed by the Real Estate Settlement Procedures Act (RESPA).
BWIC Data Standard
The Bids Wanted in Competition (BWIC) data set provides the ability to automate the bidding process for Mortgage-Backed Securities (MBS) between mortgage originators and dealers.
BWIC Template Mapping Specification
The BWIC Data DWG has worked to create a standardized template to facilitate the bidding process for Mortgage-Backed Securities (MBS) between mortgage originators and dealers for Bids wanted in Competition (BWIC).
Closing Instructions
Closing instructions include information such as how funds are to be wired or disbursed and where the closing package should be sent. MISMO's closing instruction templates are designed to bring greater consistency and clarity to the mortgage closing process. The templates focus on the format and organization of closing instructions rather than the legal language that a lender may include in the instructions.
Flood Risk Disclosure Guide
The Flood Risk Disclosure guide provides the industry with flood risk information that can be shared with consumers.
Schedule AL Reg AB II Mapping
MISMO and the Structured Finance Industry Group (SFIG) collaborated to develop a mapping of the data elements required to be reporting on Schedule AL, pursuant to SEC Regulation AB II.
Taxpayer Consent Language
MISMO's Taxpayer Consent Language provides a consistent way for the mortgage industry to comply with the Taxpayer First Act. The new law, passed on July 1, 2019 and effective December 28, 2019, requires the taxpayer to provide consent for the express purpose for which their tax information will be used.