MISMO Approves Version 3.1 as Candidate Recommendation
March 31, 2011
The Mortgage Industry Standards Maintenance Organization (MISMO) voted March 29 to approve the elevation of Version 3.1 to the status of Candidate Recommendation.
This version builds on the data set of the Version 3.0 Reference Model by adding new data, including:
- Mortgage Insurance
- Credit Reporting
- Property Valuation (Appraisals)
- RESPA requirements for the origination of loans (required as of Jan. 1, 2010)
- Unified approach to handling eMortgage SMART Docs and normal documents
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