MISMO 3.2.0 Residential Specification Open for Public Comment

January 24, 2012

MBA’s MISMO announced that the 3.2 version of the Residential Specification is in a 30-day public review period with a deadline of Feb. 20. The specification can be downloaded here. This version of the MISMO standard includes all of the additional data points necessary to support the eRemittance Standard (standardizing remittance information between agent and underwriter) and the eAgentValidation Standard (standardizing agent validation information between lender and underwriter) developed by the ALTA Technology Committee and Underwriter Section Executive Committee in conjunction with MISMO.

Members of the ALTA Technology Committee will be in Jacksonville, Fla., this week for the MISMO Workgroup Meetings and will focus on implementation guides for both eRemittance and eAgentValidation.

MISMO creates data standards that cover the entire mortgage life cycle, from origination, automated underwriting and service fulfillment through loan administration and investor reporting.

Comments should be submitted to info@mismo.org.