MISMO releases version 2.1. (Tech Newz).
THE MORTGAGE INDUSTRY STANDARDS Maintenance Organization (MISMO)
has released a set of data structures that are similar in format and
contain common syntax and structures that range all the way from
mortgage application through to the servicing process. This release of
the 2.1 Logical Data Dictionary and Document Type Definitions (DTD)
effectively triples the size of the standard by including additional
significant business areas such as Servicing for Servicing Transfer
transactions and Appraisal for real-estate property information
standardization, according to MISMO. The 2.1 release also includes
Credit Request and Response, Enveloping Request and Response, Mortgage
Insurance Request Response and Title Request and Response. The Mortgage
Bankers Association of America (MBA) established MISMO in January 2000
to develop, promote and maintain electronic commerce standards for the
commercial/multifamily and residential mortgage industries.