Monday, October 21, 2013

MISMO® Version 3.3 Reference Model Released for Public Comment

                           


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


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