MISMO® Releases Version 1.2 Commercial Reference Model

June 4, 2008

Washington, D.C. - MISMO has released its Version 1.2 Commercial Reference Model which contains detailed specifications related to the data fields used in all commercial standards to date. Version 1.2 augments three commercial standards that were released in February by the Environmental and PCA Reports Workgroup which include the Property Condition Assessment (PCA) Synopsis, Seismic Synopsis and revised Work Order Request and Response (WORR).

"Firms throughout the commercial and multifamily finance industry are extremely interested in MISMO's Commercial Reference Model" said Dan Szparaga, Executive Vice President of MISMO. "It provides a combined snapshot of the content for all of MISMO's commercial standards, and shows how all the pieces fit together. As new standards are released it will be evident where the new content fits within the model and how logical and orderly it is for the industry's use."

Commercial standards are based on MISMO's Logical Data Dictionary (LDD) and Reference Model which provide the framework for development of consistent vocabulary, syntax, and structures across all commercial specifications. Each individual standards package includes transaction-specific LDD files.

The data used for electronic exchange are linked tightly with the Reference Model, and each subject-area transaction is generated from, and consistent with, the common schema.

The Version 1.2 Reference Model package includes an XML schema file illustrating data relationships, a full LDD in Microsoft ® Excel format with the data fields, data types and definitions used in all commercial specifications. It also hosts an extensive HTML report which details the containers, attributes, and enumerations along with diagrams and source code.

The Version 1.2 Reference Model is available for download on MISMO's Web site at http://www.mismo.org/SpecificationsAndGuidance/CommercialSpecifications.htm.

Contact ALTA at 202-296-3671 or [email protected].