About MISMO
Mortgage Industry Standards Maintenance Organization, Inc. (MISMO) was established by the Mortgage Bankers Association (MBA) to coordinate the development and maintenance of Internet based Extensible Markup Language (XML) real estate finance specifications.
MISMO utilizes an open and democratic vendor-neutral approach to the development and maintenance of a single real estate finance XML DTD transaction repository.
MISMO has published specifications that support mortgage insurance application, mortgage insurance loan boarding, secondary, bulk pricing, real estate services, credit reporting and underwriting process areas. The specifications are freely available for industry implementation via the MISMO website.
MISMO has identified two deliverables, which will enable the mortgage industry to share data among trading partners.
- An XML architecture which encompasses data origination, secondary market and servicing data.
- A data dictionary to provide business definitions and corresponding architecture data element tag names.
MISMO works in an interactive community utilizing the www.mismo.org website, electronic balloting, listservs, conference calls, three face-to-face meetings per year and periodic interim meetings.
A Governance Committee, elected from a cross section of the industry, provides oversight for MISMO's administration and policy development. Through an open and democratic process, MISMO delivers a common format for the electronic transfer of mortgage industry data. With the MBA's support and the subscriber company participation, MISMO is the premiere standards development body for the real estate finance industry. |
