MISMO Issues Call for Participants to Join New Workgroup Focused on Data Mapping for VA Documents

Source

MISMO

Contact

Brittney Prophete

(202) 557-2799

WASHINGTON, D.C. (September 7, 2023) — MISMO®, the real estate finance industry's standards organization, is calling for industry professionals to join a new development workgroup focused on creating document dataset specifications to align with the U.S. Department of Veterans Affairs’ Loan Guaranty Program forms. The effort, to enable a more efficient exchange of data, will be broken into three phases:
·        Phase I
·        Create dataset specification and implementation guidance for VA Report and Certification of Loan Disbursement (VA Form 26‐1820)
·        Phase II
·        Update the dataset specification and implementation guidance for VA Request for a Certificate of Eligibility (VA Form 26‐1880)
·        Create a dataset specification and implementation guidance for VA Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses (VA Form 26‐1817)
·        Phase III
·        Create a dataset specification and implementation guidance for VA Request for Determination of Reasonable Value (VA Form 26‐1805)
The VA Documents to Data Development Work Group will conduct regular meetings via conference call.

Individuals interested in participating in this group who are already MISMO members may join the collaboration site on MISMO connect. Those who are not already members of MISMO who would like to participate should contact [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 visit MISMO.org.

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About MISMO:
MISMO develops essential standards to enable the real estate finance industry's digital future. Through MISMO, all mortgage stakeholders have an opportunity to collaborate, innovate, and prosper by creating standards to improve efficiency, reduce costs, and enhance the overall mortgage experience. For more information on MISMO’s work to help shape the future of the mortgage industry, visit www.mismo.org. For more information about the Innovation Investment Fee and how the industry benefits visit here.