American Land Title Association
Home  >  News Room
News Room


SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software


MISMO Receives 2010 Innovation Award

April 5, 2011

The PROGRESS in Lending Association presented the Mortgage Industry Standards Maintenance Organization with one of its five Innovation 2010 awards.

PROGRESS in Lending said MISMO earned the award for development of its MISMO Version 3 Architecture and reference model. FHFA, Fannie Mae and Freddie Mac have adopted it and have published a schedule for adoption by all lenders that deliver loans to them.

“Our executive team has decided that MISMO is among the individuals, companies or groups that have come together to do something truly game changing for the mortgage space,” said PROGRESS in Lending. “The idea of a single industry-wide data standard is not new. However, it has only been through the dedicated work of hundreds of participants that MISMO has been able to reconcile into a single model all the concepts used in origination and loan delivery, to name just two.”

All applications were scored on a weighted scale. PROGRESS in Lending examined the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enabled industry participants to achieve.



Print Friendly


How To Find Us:
American Land Title Association
1828 L Street, NW, Suite 705
Washington, DC 20036-5104
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
Copyright © 2004-2014 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment