Keeping up with MISMO (Mortgage Industry Standards Maintenance Organization)
Without MISMO (Mortgage Information Standards Maintenance Organization) XML, the mortgage industry may as well be speaking Latin. MISMO XML is the foundation for the uniformity and consistency of data promoted by the UMDP (Uniform Mortgage Data Program).
Global DMS is proud that every one of our developers and programmers is now MISMO-certified. MISMO promotes data consistency throughout the broader industry, reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while passing cost savings on to the consumer.
MISMO recently released its Version 3.1 Reference Model, which provides a dictionary to define terms across all facets of the mortgage industry. MISMO uses XML as its base language, so that all appraisal information must be converted into this format before being transmitted to the UCDP (Uniform Collateral Data Program).
Want to know more? Or would you rather we just translate it for you? Contact us to get your implementation scheduled on the fast track. Now with Global Launch, we can get you talking in MISMO XML to the government sponsored enterprises with UAD (Uniform Appraisal Data Set) in as little as one day.