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MISMO defines key data. (Commercial).

THE MORTGAGE INDUSTRY STANDARDS MAINtenance Organization's (MISMO's) Commercial Working Group has released the Exposure Draft of the Originations Data Dictionary. The Exposure Draft is the result of a comprehensive effort to inventory all data elements used in originating commercial mortgages and define those elements to facilitate the efficient electronic exchange of information among industry participants in the immediate future. The document is intended as a "living text" whose creators now encourage the industry at large to respond with comments and suggestions. It is available online at www.mismo.org., www.mbaa.org/cref and www.cmbs.org. The MISMO Commercial Working Group is composed of members of both the MBA and the Commercial Mortgage Securities Association (CMSA), and includes originators, lenders, servicers and technology vendors. The Commercial Working Group (also known as C-MISMO) has worked over the past year to build a commercial mortgage origination data standard that provides both the content and format for borrowers and mortgage bankers to transmit critical data to lenders.

C-MISMO has operated as a self-administered effort under the umbrella of MISMO. Established by the MBA in 1999, MISMO's mission is to develop, promote and maintain voluntary electronic commerce standards for the mortgage industry. The MISMO Commercial Working Group includes Adigee Solutions, Berkshire Mortgage Finance, Bridger Commercial Funding, CapitalThinking, CapMark Services, Cohen Financial, The Debt Exchange, David L. Babson & Co., Ernst & Young LLP, e-Cognita Technologies, Fannie Mae, Freddie Mac, GMAC Commercial Mortgage Corporation, J.P. Morgan Mortgage Capital, L.J. Melody & Co., Legg Mason Real Estate Services, LoopLender, Midland Loan Services, MortgageRamp, Northmarq Capital, Precept Corporation, Principal Commercial Mortgage, Prudential Mortgage Capital Corporation, Thacher Proffitt & Wood and Trepp LLC.
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Title Annotation:Mortgage Industry Standards Maintenance Organization releases Exposure Draft of the Originations Data Dictionary
Publication:Mortgage Banking
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 1, 2002
Words:274
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