MISMO Seeks Public Comment On MISMO Engineering Guideline 7 Updates

WASHINGTON, D.C. (February 23, 2022) - MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on updates to MISMO Engineering Guideline (MEG) 7 establishing class words that enable consistency in the naming and structure of data point names. The 60 day public comment period runs through April 23, 2022.  
The MISMO MEGs ensure that MISMO work products adhere to all applicable technology standards, are produced in a consistent fashion, and meet the needs of the mortgage industry. 

MEG 7 provides the details on a list of approved class words that must make up the last component of all MISMO data point names. Class words provide consistency and additional meaning. For example, a data point ending with the class word "type" would be expected to have a clearly defined set of allowable values. When the names of data points indicate the type of information they carry, professionals can more readily understand schemas, messages, and metadata using those data points.

This public comment period allows those who participated on the proposals at least 30 days' notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy).   

MISMO requests that any non-participant organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products, to disclose them at this time in writing. All comments and disclosures should be directed to [email protected]. 

MISMO's work to solve key business challenges is made possible due to lender support of the MISMO Innovation Investment Fee. For information on MISMO and how to join go here.