MISMO Achieves Milestone with Release of V3.1 Reference Model and Data Dictionary as Candidate Recommendation
|May 19, 2011|
The Mortgage Industry Standards Maintenance Organization (MISMO) announced last week the release of the Residential Version 3.1 Reference Model and Data Dictionary as a Candidate Recommendation.
Version 3.1 is a major milestone that brings all the content from previous years in the Version 2.x series transaction standards into a single unified model and defines the solution for the next generation of automated mortgage processing.
A Candidate Recommendation (CR) is a document that MISMO believes to have satisfied technical requirements and is ready for implementation. This version builds on the data set of the Version 3.0 Reference Model by adding new data, including: