MISMO Seeks Public Comment on Phase Two of Commercial Appraisal Dataset With Expanded Commercial Use Cases to Provide Increased Functionality

WASHINGTON, D.C. (May 12, 2022) - MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on phase two of proposed data standards for the Commercial Appraisal Dataset. The 60-day comment period starts today and runs through July 12, 2022.

The proposed MISMO dataset enhances the current Commercial Appraisal Dataset, published in May 2021, by adding retail, industrial and office related data points and use cases. These additions also expand the data collected for multifamily properties, which further the ability for commercial appraisers to fully utilize the standard. The proposed standard helps facilitate the efficient exchange of commercial appraisal information, critical for underwriting and loss mitigation, between multiple industry participants, and allows them to exchange appraisal information on commercial properties.

The public comment period also provides notice to workgroup participants and industry professionals, prior to final release, in order to review the exchange and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy). Disclosures and comments should be directed to [email protected].

The release and use of MISMO standards and other resources, including the commercial appraisal dataset standard, are governed by the MISMO Intellectual Property Rights (IPR) Policy. For more information on the policy, please click here.

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.