Earlier this month, MISMO—the not-for-profit data standards subsidiary of the Mortgage Bankers Association (MBA)—released its Version 3.2 Reference Model for a 30 day intellectual property rights (IPR) review. This IPR review period, which ends on September 9th, is the final opportunity for companies or officials to submit any concerns over intellectual property infringement within the standard. 

Many lenders—and their technology providers like GlobalDMS—have implemented Version 2.6 of the MISMO standards, which are based on XML Document Type Definition (DTD) Technology. However, MISMO has now begun the transition to their Version 3.2 framework and XML Schema. Of course, there are some differences between the two versions.