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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

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:

  • Mortgage Insurance
  • Credit Reporting
  • Property Valuation (Appraisals)
  • RESPA requirements for the origination of loans (required as of January 1, 2011)
  • Unified approach to handling eMortgage SMART Docs and normal documents
Originally published for a 60-day public comment period that began August 25, 2010, this release has gone through extensive industry review with numerous comments resolved and incorporated into this model. This release signals the beginning of its 30-day Intellectual Property Rights (IPR) period on May 9, 2011. V3.1 Candidate Recommendation 2011-04 is available for download here.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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