WASHINGTON, DC (October 16, 2013) – MISMO is pleased to
announce the release of version 3.3 of the MISMO® Residential Reference Model
for public comment. The public comment
period will remain open from Wednesday, October 16, 2013 through Monday,
December 16th, 2013.
 |
| Michael Fratantoni |
“Version 3.3 of the MISMO Reference Model provides the
mortgage finance industry with the standards needed in today’s rapidly changing
regulatory and compliance environment,” said Mike Fratantoni, President
of MISMO.
“MISMO is grateful to the many contributors from across the
mortgage finance industry who worked tirelessly to make Version 3.3 of the
Reference Model a reality. Their
dedication and expertise is invaluable.”
The release of Version 3.3 of the model is an important
milestone for MISMO given the current regulatory environment.
This version of the
model includes new data points and structures related to a number of recent
regulatory and reporting requirements including the CFPB’s Integrated Closing
Disclosures, HOEPA High Cost Loans, GSEs Uniform Mortgage Servicing Dataset
(UMSD), FHA Automated Underwriting (TOTAL Scorecard) and Ginnie Mae’s Pool Data
Delivery dataset.
A new and improved Logical Data Dictionary (LDD) format is
also being rolled out with Version 3.3.
Full details on model enhancements can be found in the
Version 3.3 Release Notes and Version 3.3 of the MISMO Reference Model. Any
comments regarding Version 3.3 should be e-mailed to info@mismo.org.
Use of the MISMO standards is governed by the MISMO
Intellectual Property Rights (IPR) Policy.
For more information on the policy, please click here.
MISMO®, the Mortgage Industry Standards Maintenance Organization,
is the voluntary standards development body for the mortgage industry.
Voluntary use of MISMO standards reduces processing costs, increases
transparency and boosts investor confidence in mortgages as an asset class,
while creating cost savings for the consumer. For more information, visit www.mismo.org.
For a complete copy
of the company’s news release, please
contact:
Rob Van Raaphorst
(202) 557-2799
No comments:
Post a Comment